34k BTC
BTCUSD Perpetual Contract BYBIT:BTCUSD
BTC has a H&S on the 3day and Weekly timeframes. So why the 3day? The 3day can give us an indication on how the weekly will close. We are 1day away from the 3day close and everything is pointing to the downside. Momentum, RSI , and MACD are calling for a bearish continuation. The short term target is 34.7k (neckline), but we could see a major sell off if the H&S neckline breaks. This is an area we have to watch closely.
