May 5: #bitcoin 4hr: Bullish or bearish??
We see good volatility in BTC chart due to US FED policy and Banking Crises.
On 4 hr chart BTC Forming Inverse Head & shoulder, Confirm Breakout above $29600 in 4 hr will push market towards $31k and $32k.
We also seeing a upward channel on right shoulder. If BTC follow same channel than we can see upside move.
Support: $27800 and $27000 are good support.
Must eye on US market and banking sector as they are major trigger point for BTC as currant situation.
CPI data will come next week on May 10.