Can the head and shoulders of bitcoin's 2-hour cycle form?

After 20 days of declines, the market's risks have been initially released and the bulls are regrouping to prepare for a counterattack. In the 2-hour chart, we captured the shape of the bottom of the head and shoulder. Although the right shoulder is still being repaired, we can feel the thoughts of bulls.

First of all, let's look at the 2-hour level, which is relatively moderate. At the same time, the pressure from the diurnal line is relatively far away, and there is some rebound space. Secondly, at the round value of $9000, psychological factors prevail, and the loss of $4000 should generate the idea of covering up the funds locked in the high level. So the main bulls weigh the pros and cons, trying to rebound here is a strong logic.

We judged that if the head and shoulders formed and broke the neck line by $11,100 (the standard $10,700 was not chosen because of fraud prevention), the rebound position would be $13,000. However, in practice, there will be many problems. For example, the pressure of trendline is about $12,000, while the cost is estimated at $11,000. Therefore, it is doubtful whether the rebound of head and shoulders can be completed here.

Of course, if the break of $11,000, will also induce the daily level of macd to form a long trend, or even break the ma18, send an admission signal.

So we're going to look at this head and shoulder bottom, in both directions, in four dimensions.In addition, if the right shoulder falls below $9800, it is considered a failure.

Strategy, in fact, here for the high short position of the people, is not a problem, the low back to cover only, feel that the risk is better. But it is harder for people who have been stuck before, or who have no positions at all, to get short. So I recommend investing a small amount of money in a short-term rally, provided that you follow the standard, which is to go long after a break, and set a stop loss (which usually doesn't break the neck again), and observe the trend of the daily line level, which is a more reasonable trading strategy.