BTCUSD H2
Price has made a nice bounce off the ascending trend line & support zone at 53,340 after the aggressive dip was made yesterday. On the lower timeframe here, price has formed an inverse head on shoulders formation & broke through the neckline, now at an area of resistance. For todays new daily candlestick, I am watching price for a retracement to retest the neckline / structure resistance below, for price action confirmation of an opportunity to enter another position again as price could make its way towards 65-70K in the days ahead.
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