💥 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
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🦅 Fish Night Emergency Report: $68,000 Rebound Completely Failed! Bears Are at the Gates of 67k, and the $66,000 “Golden Pit” Will Be the Last Trench for the Bulls!
First of all, congratulations to the friends who entered long positions with us at 65 last night, capturing 2000 points! Target 1 achieved, a 3.22% increase.
Deep review of the latest situation (looking for support during a decline):
Confirmation of resistance: Brothers, the script has not reversed! The “68,000 critical rebound line” we emphasized last night ultimately ended in a failed bullish attempt. After reaching around 68,378, the price was unable to break through, then entered a prolonged downward trend, sliding all the way down to 65,099. This confirms that the adjustment trend after the false breakout of 69k is still ongoing.
Weekend effect in advance: At this moment, it’s Friday evening, and market liquidity is starting to become delicate. The current decline is a “volume-contracted downward slide,” with bulls lacking support, while bears are gradually eating away at the defense line. The 67,000 level is now precarious; once it is effectively broken, panic selling will accelerate to test the structural bottom below.
Clear target: The entire market’s focus is now on the 66,000 area. This is the first strong support zone since the bottom at 63.6k in this round of market, and it’s also the “Maginot Line” that bulls must defend at all costs. Major players are likely to use the volatility after the US stock market opens on Friday to probe downward and test the liquidity here.
1. Support and Resistance Levels (Fish Night Precise Version)
🟢 Short-term support (1-3 days, needle-battle)
66,500: Immediate support. The Fibonacci 0.5 retracement level for short-term correction, also the lower Bollinger band on the 4-hour chart. A short-term technical rebound is expected here.
66,000: Core support (Golden Pit). The consensus buy zone! The integer level + previous concentrated chip area.
65,000: Lifeline. The last bottom line for bulls, absolutely must not break.
🔵 Mid-term support (1-2 weeks, swing)
63,600: Stage iron bottom.
60,000: Century bottom.
58,000: Black swan extreme bottom.
🔴 Short-term resistance (1-3 days)
67,500: Immediate resistance. The high point of last night’s rebound, now a short-term resistance. If the price cannot surpass this intraday, the downtrend remains unchanged.
68,200: Core resistance (top-bottom reversal). The bulls’ nightmare! The confirmed resistance level after breaking the bottom of the box.
69,000: Strong resistance. The false breakout neckline.
🟠 Mid-term resistance (1-2 weeks)
70,300: Early-week induced high.
71,200: Previous high resistance.
72,000: Wave C rise and fall point.