BTC one-hour chart turns bullish?
After BTC broke H&S, it came to the support level of 16004.86 and rose to the neckline of 16820.62.
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In the past, the price has been consolidating near the neckline for nearly two days, which means that it has a certain role of support and resistance.
When the price breaks through the right shoulder of 17509.47, the H&S is considered invalid.
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17509.47 is near the previous strong support level of 17580.00.
17580.00 was broke after the FTX event and became a strong resistance level. If BTC successfully breaks through and closes higher, there is a chance of a double bottom pattern.
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In the past, the price has been consolidating near the neckline for nearly two days, which means that it has a certain role of support and resistance.
When the price breaks through the right shoulder of 17509.47, the H&S is considered invalid.
-
17509.47 is near the previous strong support level of 17580.00.
17580.00 was broke after the FTX event and became a strong resistance level. If BTC successfully breaks through and closes higher, there is a chance of a double bottom pattern.
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