Bitcoin's trend - can a standard head-and-shoulder top be achiev
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Although we can't say yet that Bitcoin has peaked, in the 2-hour chart, we see a standard head-and-shoulder top, and if the bulls can't overcome the pressure of this pattern, adjustment is inevitable. Of course, the success rate of the head-and-shoulder top has not been high in history, so we continue to observe the effect of this pattern here, and for trading, I don't think there should be a rush to take action here, you have to wait for the standard on the right, which is my usual principle. Recommendation: Wait for clearer right-hand standards to appear
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.