If right, in the next 3-4 days BTC will complete an almost perfect H&S pattern, time wise.
If BTC breaks support at $6,250 and again at $6,115 the H&S neck line formation will have broken, signaling bearish movement that could lead us to $5,800, $5,300 and $5,000, maybe $4,900 territory. Given the 9 ETF rejections, 4 this week and not much other BTC news, $5,000 is possible.
We'll hold to confirm and then enter at these supports for the rally up to meet the VanEck SolidX ETF deadline on Sept 30th. SL $8,135 and $8,415
If BTC breaks support at $6,250 and again at $6,115 the H&S neck line formation will have broken, signaling bearish movement that could lead us to $5,800, $5,300 and $5,000, maybe $4,900 territory. Given the 9 ETF rejections, 4 this week and not much other BTC news, $5,000 is possible.
We'll hold to confirm and then enter at these supports for the rally up to meet the VanEck SolidX ETF deadline on Sept 30th. SL $8,135 and $8,415