💥 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
📊 February 13 Cryptocurrency Market Analysis & Strategy
BTC Bitcoin:
Current price approximately $66,687, rebounded after finding support near $65,081, currently in a consolidation correction phase.
• Key resistance above: 67,500, 68,385 (near previous high)
• Support below: 66,000, 65,081 (recent low)
If the rebound cannot effectively break through 67,500, there is still a possibility of retesting 66,000; if it stabilizes above 67,500, it may challenge the previous high.
ETH Ethereum:
Current price approximately $1,948, showing weak consolidation in tandem with BTC, supported around $1,900.
• Resistance above: 1,975, 2,000
• Support below: 1,925, 1,893.77
In the short term, focus on range-bound trading, and follow the trend if a breakout occurs.
🎯 Bitcoin Strategy (BTC)
• Range trading: 67,000–67,300, try short positions with light positions, target 66,200–66,000, stop loss 67,600
• Bullish opportunity: if it effectively stabilizes above 67,500, follow the trend with long positions, target 68,000–68,385, stop loss 67,200
🎯 Ethereum Strategy (ETH)
• Shorting idea: 1,970–1,980, try short positions with light positions, target 1,930–1,900, stop loss 2,000
• Breakout follow-up: if it falls below 1,893.77, add to short positions, target 1,850, stop loss 1,920