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$BTC 1 Min Chart Local Trend Analysis
Projected Head & Shoulder Reversal Pattern
If price action breaks below the yellow 1-min 200MA and can't get back above it then this is the likely senario.
Just a short-term retracement projection is all.
We either pump up to finish the move to $75,418.
Or we dip to retest the breakout of the blue bullflag support zone at $71,489.
The bulls want to keep price above the yellow 200MA here in the 1 min timeframe.
Keep in mind that as long as price is above the 1min 200MA $75,418 is possible.
Trading is conditional and based on probabilities.
Conditions are always changing...
NFA, DYOR ⚠️
#Crypto #Trading #BTC