💥 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
BTC Squeeze Alert: Breakout or Breakdown?
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Watch summary 👉
Bitcoin forms a critical squeeze at $67,000 after yesterday's volatility. The Trading Parrot analyzes a potential breakout or breakdown from the four-hour pattern, with key resistance at $68,000 and support at $66,733. Major liquidation zones sit at $62,000 and $57,000. The analysis compares current price action to the 2022 correction pattern, examining RSI momentum, open interest washout, and market structure. Despite bearish US jobs data suggesting only two Fed rate cuts this year, Bitcoin holds above the crucial $67,000 weekly support level. Watch this technical breakdown to understand the squeeze setup and critical levels for the next major move.
00:00 Bitcoin Price Squeeze at $67K After Volatility
01:48 Aggregated Open Interest Support Analysis
03:02 Head and Shoulders Pattern and RSI Recovery
04:46 Critical Support Levels: 67-44-27 Rule
07:25 Previous All-Time High as Current Support Zone
09:00 Liquidation Levels at $62K and $57K
12:04 Open Interest Washout and ETF Flows
14:27 US Jobs Report and CPI Preview
16:46 Crypto Exchange Risk Management Warning
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