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BTC is being challenged at the neckline of the iH&S pattern (~$106K–$110K) – a highly potential technical analysis signal for an uptrend.
📌 Important support area: $107K – if it holds here, the chance of a breakout above $110.6K is very high.
📈 RSI is rising (~66), positive trading volume is expanding – demonstrating increasing buying pressure.
🔍 Strategy: Monitor the daily closing point:
Bullish: stay above $107K, breakout and close > $110.65K → expect the next target $113K–$115K.
Bearish: close below $107K → iH&S pattern fails, may retest $103K.
👉 A critically decisive moment – traders should monitor the daily close and the price reaction around the neckline to adjust the strategy appropriately.
#BTC #trader #trendup #neckline
📌 Important support area: $107K – if it holds here, the chance of a breakout above $110.6K is very high.
📈 RSI is rising (~66), positive trading volume is expanding – demonstrating increasing buying pressure.
🔍 Strategy: Monitor the daily closing point:
Bullish: stay above $107K, breakout and close > $110.65K → expect the next target $113K–$115K.
Bearish: close below $107K → iH&S pattern fails, may retest $103K.
👉 A critically decisive moment – traders should monitor the daily close and the price reaction around the neckline to adjust the strategy appropriately.
#BTC #trader #trendup #neckline
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