Possible bullish inverse H&S on BTC
Bitcoin / TetherUS BINANCE:BTCUSDT
Bad things first:
– BTC broke the key levels at 35K and now at 28K, very bearish .
– Still gotta wait on the next release of interest rate info, so until then we are bearish
– UST and LUNA caused panic on all stable coins, so panic hasn’t finished yet, very bearish
Good things:
– We are seeing a very short-term pattern forming on the 45MIN to 1Hr candles, a possible reversal, that won’t last for long and will only pump as a temporary relief, maybe a quick 5-6% + profit.
Next area of support is around 10-12K in my opinion, please see linked chart, so those would be good areas to buy
