📉 Bearish Outlook on LTF
On the 12H timeframe, a Head & Shoulders pattern is in play, with a projected target of $59,117.99. This level aligns perfectly with the liquidity zone on the 4D chart, making it a key area of interest.
📈 Bullish Outlook on HTF
If buyers step in at this liquidity zone ($58,890.48), BTC could see a second retest of the higher timeframe range before potentially reclaiming bullish momentum toward $146,750.87.
🔍 Smart Money Perspective:
- A breakdown to
59K confirms the Head & Shoulders pattern.- A strong reversal from liquidity could turn this move into a second retest, fueling a long-term uptrend.
🎯 What’s Next?
Are we seeing a bearish continuation or the foundation for a massive reversal? Share your thoughts below!
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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.
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.