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BTC Short Term H&S Possibility

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Get back above $10,400 and I'm feeling more comfortable as a bull but ultimately we need to get above the top of the head. A breach below $9,750 without going above the top of the head will confirm this pattern for me and indicates a longer correction. I don't doubt the bulls can break through that resistance but we are starting to see some weakness. Stay safe!
Note
snapshot Bulls have a decent bounce so far. I think because we formed a falling wedge they're getting volume. This is two scenarios that I see could playing out in the bulls favor. Either a inverse H&S because they cant get above the previous hourly high or by breaking it and coming down to form an hourly higher low and changing the trend.
Note
snapshot Failed its breakout from the previous falling wedge and kept pushing down. Looking for a 4hr lower high now imo. Making its way above the red resistance zone would be bullish.
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snapshot Bulls got a solid move up looking for that lower high. Wicks above the red zone is good for the bears, but this next part is important. We need to go down and break $9,610 for a bearish scenario to continue playing out. Breaking $10,300 and we'll likely be looking for continuation.
Dtradess
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BTCBTCUSDBTCUSDTChart PatternsHead and ShouldersTrend Lines

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BTCBTCUSDBTCUSDTChart PatternsHead and ShouldersTrend Lines
Dtradess
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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.