Despite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes.
Weekly: The symmetrical triangle has held so far and the bullish sequential countdown is still in play. Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical triangle.
Daily: The 6 months bear channel finally broke up on Jan 06th after reaching Daily C13 and S13 exhaustion points. BTC then struggled on TDST Resistance (Red dotted line) and formed a noticeable H&S Pattern
4H: An ascending triangle has recently been formed over a shorter period of time with multiple exhaustion points. It looks like it has broken up and now being backtested.
A close below 5700USD would challenge this pattern. A solid close below 5250 would mean lower lows are likely...
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