฿ Bitcoin BTC/USD Daily Video, May 11, 2023

[Sive Morten]

Good morning,

BTC accurately goes with our daily H&S pattern. Price now stands at the neckline and we will be watching for the process of breakout. Downside target remains the same - 25-26K:

 

[adelkhani67]

Hello, dear Siv. We have reached the target that you said. Can we enter the long position now?

 

[Sive Morten]

Hello, dear Siv. We have reached the target that you said. Can we enter the long position now?

Hi Adel, I prefer to watch for market reaction on the target before making any decision on opposite entry.