BITCOIN Bearish Close? Bounce back from $112K | Inverted H&S Forming to $117K? EP. 111

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3 months ago
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Finance & Crypto Education Bitcoin BTC BTC analysis Bitcoin candle close Bitcoin technical analysis BTC top-down analysis BTC $114500 BTC inverted head and shoulders Bitcoin price action

Today’s a triple-close event — the 2-week, weekly, and daily candles all end at 8PM ET. At the time of recording, Bitcoin is hovering around $114,500. The charts reveal a potential daily inverted head and shoulders, and we might see a move to $117K... but is it a setup for a fakeout before more downside?

🔸 Weekly shows a red engulfing candle
🔸 Daily lost the 21 MA, bouncing off the 50 MA
🔸 4H and 8H may be forming bullish reversal structures
🔸 1H & 15M are showing potential short-term rejection

⚠️ Are we ranging before the next trap?
Watch the full multi-timeframe breakdown now and comment below with your bias.

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