$BTC It is obvious that everyone expects a rise in , we agree up to this point, but a TOBO formation may form at the top. The negative atmosphere in the market became more favorable with the announcement of US non-farm employment data as 272k, instead of the expected 182k. This data had a negative impact on the cryptocurrency market before the Fed's interest rate decision. On the other hand, the fear and greed index has now reached 78 levels. Without further ado, let's focus on the Inverted Head-and-Shoulders formation that may occur. As you can see in the chart, the left shoulder head construction has been completed, but will it drop to the 60-61k level and the right shoulder will form there and TOBO formation will occur? (Long liquidation operation can take place with the wick reaching the 60-61k level)
#Bitcoin As long as there is no daily closing above 74k (neck area), the 60-61k target of the TOBO formation will remain valid.
