$BTC Calcium supplementation is back 🤓
Quickly switch back to the market – Bitcoin, as mentioned before 🏁 The daily line closing only breaks and holds above 99430 here, then it's a reversal; otherwise, it's just a rebound.
From a structural perspective, there is a head and shoulders pattern, with the right shoulder not surpassing the left shoulder, trending downwards.
From a candlestick pattern perspective, the upward momentum is weakening. The daily level support is around 97000, 95500, 94600, and 93000, with the final defense still around 92000. If we just say if, a valid drop below here confirms the head and shoulders pattern, and we can basically see a Bitcoin starting with 8.
🏁 On the intraday 4-hour level, there was a previous indication of forming a head and shoulders bottom structure, which is now nearly at shoulder level. The support below is around 97600, 97300, and 96300; as long as these positions do not break, the intraday strategy remains to buy on dips.
Key focus 📍96300, breaking this level establishes a higher three, which will move downwards. If it doesn't break the left shoulder range of 93500-92900, the direction continues upwards; we'll just have to see as we go along.