📉 $BTC — Potential H&S & Key Levels
Bitcoin got rejected at the October close (~70,321) again. Price is now forming a Head & Shoulders pattern. If this pattern plays out, we could see a dip toward:
•Support Levels: 68,200 / 67,000 / 65,300
💡 Upside Levels:
•Above 70,321 / 71,085 / 72,500 → breakout could push BTC toward 72,500–73,000.
⚠️ CME Gaps to Watch:
•Below: 64,810 — the market may want to fill this gap before continuing higher.
•Above: 73,345 — a potential first move to cover this gap before any downside continuation.
💭 Trade Insight:
•Near-term structure is uncertain — rejection from October close keeps longs risky.
•Watch how price interacts with CME gaps and key levels; the market will reveal which scenario plays out first.
#BTC #BitcoinAnalysis #CryptoTrading #HeadAndShoulders
