Here, my point is based on only technical perspective. If the current crypto bull run continues then definitely we will see this move RSI Crossover Major Trendline Breakout Parallel channel formation
From the monthly perspective, we can see how the market is testing the strong support level at around 1.3238 In the 4-hr time frame the price broke the trend line and got rejected upward after the retest Here on the 1 hour, we see the formation of an inverted Head and Shoulder pattern after which it is expected to move upwards.
The market got rejected from 0.00009 zone and on the 1 hour time frame is forming an inverted cup and handle pattern. A breakout to the downside is possible for the market to correct up to 61.8% of fib taken on weekly timeframe
XAUUSD Short Opportunity after getting rejected from the the resistive trendline and forming a double top pattern