BTC forming H&S?

Bitcoin / TetherUS BINANCE:BTCUSDT

sebastianjohansen

Hey all,

As per my last post I noted BTC will correct into the FVG zone, and has done exactly that opening the opportunity for fresh entries. It has been holding this FVG level since yesterday. If BTC keeps holding the $41k – $42k zone it will form an inverse head and shoulder pattern and a break out will push BTC to the next level.

Reason for yesterdays dip? FED chair Powell noted concern about digital cryptocurrency/crypto

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