BitcoinEducation
BTCUSD Head & Shoulder Explaination
I saw on X, majority of technical traders are looking to short bitcoin because of this apparent "head & shoulder" structure. Now, let me share with you all some knowledge for free. Most traders are naïve to the fact that the H&S structure was already completed at 91315. Yes, the price may crash from here to 60K and lower but it could also rally to 120k. I advice technical traders not to base their short ideas on this already complete H&S structure. Allow the market to give a clear signal before executing, as of now, there is no clear direction. XAUUSD price is looking to rally towards 2720 next week, therefore I believe bitcoin will follow.
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