Cup Formation:
Left rim near 111K
Rounded bottom down to ~75K
Full recovery back to 112K
Volume declined into the bottom and rose on the right side — textbook structure
Handle Formation:
Shallow pullback from 112K to ~102K
Occurring above prior resistance, now acting as support
Forming a clean downward-sloping channel with declining volume — ideal pre-breakout setup
Measured Move Target:
Cup depth: ~36K
Breakout above 111K projects toward 135K–150K
Confirmation Triggers:
Break and daily close above 112K
Volume spike above 20-day average
Stochastic RSI turning upward from oversold range
Breakdown Note:
Pattern remains valid as long as BTC holds above ~93K (50% of the cup depth).
The handle may extend lower within the channel before breakout.
TIME FRAME:
If no breakout by August then Im probably wrong 😑
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
