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BTC Head & Shoulders: 92K Target or Fake Out?
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Watch summary 👉
Bitcoin forms a potential head and shoulders pattern on the four-hour chart with a 92K target if it breaks down. Despite bearish signals including leverage squeeze warnings and a daily hive divergence, purple whale wallets doubled their positions overnight from 457 to 977 million dollars showing strong bullish conviction. The analysis covers critical support at 94K neckline, CME gaps at 88.4K and 87.8K, and resistance at the point of control. Watch this comprehensive technical breakdown to understand whether this is a genuine reversal or just another fake-out in The Trading Parrot's latest Bitcoin analysis.
00:00 Clarity Act Delay and Leverage Squeeze Signal Analysis
00:30 Head and Shoulders Formation on Four Hour Chart
01:53 Three CME Gaps: Bullish and Bearish Targets
03:21 Four Hour Head and Shoulders Pattern Target 92.5K
04:54 Bull Flag Target Into 83K Daily Resistance
07:25 Momentum Precedes Price: 54 EMA Testing at 95.1K
09:48 Daily Hive Signal: Bearish Divergence Detected
13:27 Weekly RSI Bull Market Support Band at 44
16:02 Short-Term Holder Realized Price Risk at 98-99K
18:38 Short Liquidations at 100K and Head and Shoulders Impact
20:19 Purple Whales Double Down: 977M Support Position
24:16 Clarity Act Delay Impact and Purple Whale Conviction Analysis
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #HeadAndShoulders