The price has reached a significant zone on the higher timeframes and has failed to create a lower low. Additionally, a major Change of Character (CH) has formed on the chart.
There are signs indicating that the price is attempting to form a double bottom on the higher timeframes.
We have identified two entry points for taking a spot position.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#CPIWatch #AltcoinSeasonLoading #BTCWhaleTracker #BTC120kVs125kToday #USCryptoWeek
