💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Based on $BTC star line, identify key short-term levels and future bear market bottom order points
BT is currently at this level, with a surge in volume around the 60,000 mark. I am no longer extremely bearish.
Because the 60,000 level has seen a massive volume spike, what does low-level volume usually indicate? Either panic selling or someone is accumulating. Combining this with the previous downward trend from high levels, it seems more like—selling above, accumulating below. You can interpret it as institutions offloading at high levels and replenishing at low levels. Continuing to be emotionally bearish at this point is no longer cost-effective.
In the short term, I lean more towards this being a temporary bottom.
If this turning point holds, the short-term resistance levels for BTC rebound are: 75,068, 79,787, with peak volume resistance around 80,216. Whether it can truly stabilize depends on volume support; until then, higher levels are not worth discussing.
Of course, if black swan events continue to cause drops, I plan to place orders at several key levels:
First order level: 58,739 (traces of high-level manipulation from the last bull market)
Second order level: 48,189, 46,216 (peak volume resistance on the yearly level)
Third order level: 43,929 (area of concentrated chips after 2024)
Below 40,000, watch 35,045 and 29,184, but honestly, there’s no need to look that far ahead right now.
In the short term, focus on the gains and losses at these two levels: 64,168 and 62,909.
Holding these means a consolidation bottom;
Losing them means discussing deeper levels.
In the short term, it’s not appropriate to be emotionally bearish; structure is more important than opinions.