BTCUSD recently completed a clear Head & Shoulders reversal pattern, confirmed by a break of the neckline and a strong downside continuation. After the breakdown, price has reached an important demand area, where it is attempting to stabilize.
Left Shoulder – Head – Right Shoulder structure
Neckline break with BOS confirmations
Retest and continued bearish momentum
Multiple demand zones marked between 80,680 – 88,755
Short-term reaction pointing toward a potential relief move
Price is currently trading near the mid-zone around 86,900, where initial reactions have appeared. This zone may act as a reference point for observing market behavior, especially if buyers attempt a short-term recovery toward the upper blue zone.
This analysis focuses on how price action reacts within these key levels and structure changes
Left Shoulder – Head – Right Shoulder structure
Neckline break with BOS confirmations
Retest and continued bearish momentum
Multiple demand zones marked between 80,680 – 88,755
Short-term reaction pointing toward a potential relief move
Price is currently trading near the mid-zone around 86,900, where initial reactions have appeared. This zone may act as a reference point for observing market behavior, especially if buyers attempt a short-term recovery toward the upper blue zone.
This analysis focuses on how price action reacts within these key levels and structure changes
Trade active
Trade closed: target reached
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Disclaimer
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.
♾️ Join my Telegram // Real Trade ; Real Result // 💱 Gold signal ; Forex signal ; Free signal
t.me/HGFDT5TtUy6Nm7H
t.me/HGFDT5TtUy6Nm7H
Disclaimer
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.