BTCUSD Guys, I appreciate your patience as I've taken a short break from sharing insights on BTCUSD. I'm now back and actively analyzing the market to identify potential setups. Stay tuned for further updates as I continue to assess opportunities.
BTCUSD Yo Traders! BTC is printing higher highs on the 4H chart. Support is now established around the 0.236 Fibonacci level at 105K. As mentioned yesterday, we saw a rejection at the 0.382 Fib around 106.5K.
To avoid forming a triple top, BTC needs to tap the 107K Fib level — and that could happen today. The EMA9 is still acting as a solid trend indicator, and the RSI is showing no signs of divergence.
For now, it’s a waiting game. If we break through 108K, we can say the bearish Head & Shoulders pattern is likely behind us. But hey, let’s not pop the champagne just yet, shall we? tradingview.com/x/XPt1Gnqz/