1. Bullish trendline expectation 2. Five-wave uptrend expectation 3. The current price action is forming a head-and-shoulders bottom pattern. We are currently near the neckline resistance at 71200. If 71500 can be effectively broken through, we can confirm the head-and-shoulders bottom formation. A pullback after the breakout before going long would be relatively safer.
#BTC $BTC
1. Bullish trendline expectation
2. Five-wave uptrend expectation
3. The current price action is forming a head-and-shoulders bottom pattern. We are currently near the neckline resistance at 71200. If 71500 can be effectively broken through, we can confirm the head-and-shoulders bottom formation. A pullback after the breakout before going long would be relatively safer.