$BTC 🧪
Arguments for and against bullish here
My view likely we are working in a running or an expanded flat here
- classic H&S pattern where breakout traders long the highs in anticipation of reversal only to get smacked later on
My view is this is a flat here given the Structure of the shape and the look of formation i think it will likely be a flat.
However if you disagree and you think we are headed higher your invalidation for that would be 118K - that is the line in the sand for an impulse
Shorts are still more risky here on
$BTC but i lean bearish - however if you are bullish you have an invalidation.