BTC triangle convergence or H&S
BTC is currently converging in a triangle around 29138, which means that no one side has an advantage here.
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You can follow:
1. Break through the triangle convergence zone upwards:
The bullish pattern of 1D inverse H&S will continue, and there is a chance to come around 30310 and 31500.
The target price of the 1D inverse H&S is 35265.
2. Fall below the triangle convergence:
Pay attention to the support 26660~26925. If BTC falls below this support, BTC will have a 4H&S pattern and have a chance to return to around 25351.
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You can follow:
1. Break through the triangle convergence zone upwards:
The bullish pattern of 1D inverse H&S will continue, and there is a chance to come around 30310 and 31500.
The target price of the 1D inverse H&S is 35265.
2. Fall below the triangle convergence:
Pay attention to the support 26660~26925. If BTC falls below this support, BTC will have a 4H&S pattern and have a chance to return to around 25351.
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Comment:
BTC has fallen below 26660, and the H&S pattern has been established.
Support:
25211~25351
24363.5
23935.5
Support:
25211~25351
24363.5
23935.5
Comment:
BTC has a chance to show a bottom pattern in the 1 hr chart, and you can pay attention to whether it breaks through the resistance range of 27047~27202.
If BTC break through the resistance range, you can focus on the above target:
27527.5
27676
27824.5
If BTC break through the resistance range, you can focus on the above target:
27527.5
27676
27824.5
Comment:
BTC showed a bottom pattern in 1hr chart, and it has reached the target of 27527.5, and there are still targets of 27676 and 27824.5 above.
Comment:
After BTC reached the target of 27676, it consolidated around the support range of 26660~26925. After falling below the consolidation range, the lowest price reached 25855.5.
At present, after the inverse H&S appeared in the 15-minute chart, BTC returned to 26660~26925 again. If it breaks through 26660~26925, you can pay attention to around 27000.
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The main support below is around 25342.
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At present, after the inverse H&S appeared in the 15-minute chart, BTC returned to 26660~26925 again. If it breaks through 26660~26925, you can pay attention to around 27000.
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The main support below is around 25342.
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Comment:
Support range:26477.5~26660.0
Comment:
BTC 15min inverse H&S:
After reaching around 27000, the price fell back to the support range of 26477.5~26660, and it is currently in the form of consolidation. If there is a drop, you can pay attention to around 26485.
There are still targets above:
27114.5
27265.5
Stop loss price: 26137.5
After reaching around 27000, the price fell back to the support range of 26477.5~26660, and it is currently in the form of consolidation. If there is a drop, you can pay attention to around 26485.
There are still targets above:
27114.5
27265.5
Stop loss price: 26137.5
Comment:
The BTC 15-minute inverse H&S reaches the target of 27114.5, and you can take profit or part of it.
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Resistance range: 27265.5~27377.
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Resistance range: 27265.5~27377.
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Breaking below the trend line support, the current price has a short-term rebound near the previous low of 27660. Pay attention to the support trend line below and 26660~26925.
If the price falls below 26660~26925, there will be a H&S pattern.