#加密市场反弹

8.4 Monday Morning Market Overview: Is BTC's Head and Shoulders Bottom Leading to a Price Rebound or Reversal?

BTC closed the morning with a candlestick featuring upper and lower shadows and a solid bullish line, forming a bullish engulfing pattern over yesterday's bearish candle, and also a bottom cross star structure, indicating a market rebound; the weekly chart shows a solid bearish candlestick, but it closed above 11.4

The big coin has formed a head and shoulders bottom structure, with the 11.4 neckline already broken, facing resistance at 11.5. According to a 1:1 proportional increase, the big coin will reach around 11.6; wait on the right side for a breakout and stabilization above 11.5 to go long, with a stop loss at 11.4, targeting 11.6 and 11.72; conversely, if 11.5 is broken down with a solid bearish candlestick, go short with a stop loss at 11.56, targeting 11.4 and 11.3

Friends passing by, please kindly give a follow and like, it is the greatest support for me, grateful and thankful! The above information is for market analysis only and should not be considered as trading strategy; follow me to stay updated with the latest information and market analysis every day, along with the wealth codes you want, remember to hit follow and like!