This chart shows a bullish breakout pattern on the BTCUSD 4H timeframe:
Pattern: Inverse Head and Shoulders (potential), with the neckline break around 81,000.
Breakout Confirmation: Price has broken above resistance with strong bullish momentum.
Target: Projected move suggests a ~7.29% increase, targeting around 88,000.
Support: Retest of breakout zone (~81,000) is possible; holding this level strengthens bullish outlook.
Volume/Indicator Confirmation: Not visible, but would add confidence if volume spiked on breakout.
Short-term bias: Bullish, as long as price holds above the breakout zone. Keep an eye on any retest or rejection around this level.
