Back to 108K ?

Welcome back folks,

Only on Thu we talked about bearish scenario and 85K target and now we have to turn everything from top to bottom.

Not occasionally on Thu we warned about weekly bullish grabber pattern and called to not take any fresh shorts, but keep existed ones. What's now?

Now our H&S stands in a process of failure, which means price has good chances to go back to 108K top, is failure will be confirmed. Besides, on weekly chart we could get 2nd grabber in a row if BTC will close slightly higher.

Price was not able to break the neck line, and just got the stops there.

It means that currently we do not consider any shorts. For long entry we could use intraday Fib levels. First one is 96.35K And see what will happen next.