$BTC Weak Friday Pattern(s)

As expected... Bitcoin Closed above Fridays close.

And shortly after, Asia dunked on retail wiping out all their weekend profits.

This happens almost every weekend.

Now that we are here, its safe to presume we finally sweep liquidation in the 61k range.

There is however, a double bottom forming so it's possible we see another front run. 🙄

This can be a difficult place to trade.

Always best to respect the trend though, which right now is down.

Recommend waiting until after US KZ to consider your next trade.

#BTC LTF Head & Shoulders Pattern (bearish)

Bitcoin was unable to break 64k, and is now dropping.

If neckline is broken, next target would be $62,730.

However, spot volume and open interest are quite high, and 3-day liquidation is heavy at 65k.

Upside potential ~55%