#BTC120kVs125kToday

Candle Pattern (Inverse Hammer?)

The latest candle appears to resemble an Inverse Hammer (or Inverted Hammer):

• Long upper wick (high = 123,218, close = 118,220)

• Small real body near the bottom

• Occurs after an uptrend, which means this is not a bullish Inverted Hammer but a potential reversal signal (also called a Shooting Star in an uptrend)

➡️ Conclusion: This candle is more like a Shooting Star, which may signal bearish reversal — especially if the next candle confirms with a red candle and high volume.

If $BTC closes below MA(7) with red candle today or tomorrow then can expect downside to 110K to 114K.