📊 BTC at $83.1K — inverse H&S forming on the 2H, and price is sitting right under the neckline
$BTC has been grinding back up after that deep flush into the low $70Ks, and the 2H chart is now shaping a clean inverse head and shoulders. Price is hovering around $83.1K, right under the neckline — exactly where you expect hesitation before a breakout.
What the chart is actually showing
BTC has shifted from straight selling to stabilizing and now forming a clear inverse H&S.
Left shoulder, capitulation head, and a higher right shoulder — buyers are stepping in earlier each time.
Price is pressing into the neckline now, and that’s the key level.
Break and hold above $83.9K → momentum opens toward the mid‑$80Ks.
Reject here → likely a dip back into the shoulder zone before another attempt.
Classic reversal behavior after a heavy selloff.
📌 My Take
BTC is showing early signs of a trend shift.
Neckline break = continuation.
Neckline rejection = one more dip before another try.
Structure looks healthier than it did just a few days ago.