BTC idea sharing

29 May 2023

BTC was effectively supported in the range of 26477.5~26660.0, and rose after the bottom pattern appeared. The current price is around 28508.0, you can pay attention to whether it breaks through 28508.0 and the resistance trend line.
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The chart provides two possible trends for reference. If BTC falls back after meeting the resistance trend line, there is still a chance to return to around 26925.0.
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6 Haz 2023

Not

BTC is still under pressure from the trendline and has fallen to around 26,925. An inverse H&S has emerged as shown in the chart:

However, after breaking the neckline, the price did not rise as expected but instead fell below the support level, rendering the inverse H&S ineffective.
Looking at the 1D chart:

BTC is still in a bearish trend and is currently trading within the support range of 25,300 to 26,000. If it falls below this range, it would be worth paying attention to 24,000.