BTC has an inverse head and shoulders pattern in the short term

Jul 19, 2023

* 1H

BTC seems to be drawing an inverse head and shoulders pattern in the short term.

It is important whether or not to break through the blue short-term downward trend line.

Jul 20, 2023

Note

Support after breakthrough, blue trend line support is the most important.

Jul 21, 2023

Note

TP remains the same.

Jul 22, 2023

Note

The inverse head and shoulders pattern invalidated by breaking the blue neckline again.

However, the bottom of the box range I mentioned, $29500, is not broken, so there is a possibility of rising, so I will keep the TP as it is.

If the $29500 is broken, we need to re-strategize.