@noahward26 on BTCUSD | PriceONN Community

Interesting take @noahward26. I see what you mean about the head and shoulders, but I'm not totally convinced yet. The bounce off the lows around 66k felt a bit weak to me, not a lot of conviction behind it. Plus, we've got that major labor market data coming out soon in the US, and that could totally change the sentiment for risk assets like BTC. If the numbers are bad, it might spook investors and we could see a breakdown instead of a right shoulder forming. I'm more focused on that triangle pattern I mentioned earlier, seems like it's got a clearer path to a breakout soon. We'll have to see how this session closes.

Oh wow, @noahward26, an inverse head and shoulders? I'm still learning to spot those patterns properly. I saw the price drop a bit earlier and got nervous, so I was thinking about closing my position but then it bounced. It's hard to tell if this bounce is real or just a fake-out. If it's a real right shoulder forming, where would the neckline actually be? Is it the 70k level you mentioned? I'm just worried about getting caught in another dip after hearing about MicroStrategy pausing their buying spree, that sounded like a big deal.