The chart speaks for itself. I thought before that BTC would fill the CME gap, but that never happened. Given this pattern, I still expect a crash, which also matches the trendlines. The crash will not be slow but fast, just like the (quick) rise that took place in November 2024.
Note
For the record, I don't trade on these short-term charts. I invest on long-term charts. Stocks and crypto are bullish long-term, based on long-term charts of SPX and DJI.Note
By the way, what is important to keep an eye on is the chart of Crypto Total Market Cap (TOTAL). Because at the moment it is almost at the top of November 2021 and if it holds this (BTC can then drop a bit, but should not crash as indicated above), then resistance turns into support. That would be very bullish. Keep in mind that many people are now anticipating a head and shoulders. If it breaks a bit of support (wick down), then many people will sell. So I would especially keep an eye on the TOTAL chart.Trade closed manually
H&S-pattern is invalid, because it went below the necline and then above again. But please note that BTC has stil not breakout from the ressistance trendline (formed since the daily-wick on 17 December and the daily-close on18 December 2024). De price is still below both trendlines, even rejected on 15 and 16 January 2025.Note
CME cap has been filled. 
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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.