$BTC

The Bitcoin rebound has encountered the pressure of the opening price of the bearish candle that broke the neckline. Can it break through? It's very likely, if you look closely at the 1-hour chart, it's obvious that there's an inverse head and shoulders pattern. The selected candlestick has broken through the neckline with a large bullish candle with increased volume. Now it's facing pressure and undergoing a narrow range consolidation. Wait for it to retrace to the neckline, indicated by the pink line in the chart, which is an excellent buying opportunity. Absolutely do not short; in the coming days, we are looking at 120,000.