BTC C&H pattern - glimmer of light in the darkness?

Just noticed this cup and handle pattern forming on the BTC 1h chart. I'm not saying we're out of the bear market by any means, but this might be a nice setup for some relief from the general downtrend.

It's worth watching at least to see what happens in the coming few days.

Comment:

Not looking good right now unless we see a significant recovery off of the 200 MA on the 4h chart, which would widen the cup and move the handle over a bit farther with a similar price target of $8363 should the pattern actually complete.