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EthanTW
Sep 22, 2023 9:11 PM

BTC create small Head and Shoulders  

Bitcoin / TetherUSBinance

Description

2h time frame
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There are two resistance zones Bitcoin reached recently.
1st at 26650~26850, 2nd at 27450~27800. Standard strong pump should turn the 1st zone into support after breaking up. However, we can see Bitcoin just went down through 26650~26850. This trend implies weak sign on market. Therefore, if Bitcoin takes more time to create a consolidation structure between 26350~26930, a Head and Shoulders will be following.
TP: 25824~25694 / 25271
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