The short-term decline of BTC has temporarily ended, with minor signals indicating a stop in the downturn. The pattern shows signs of a head and shoulders formation, so if there is a right shoulder pullback in the short term, it will be the last opportunity to enter long positions, targeting around 85600, which is a chance to go long.
Additionally, from a 4-hour perspective, the recent accelerated decline is considered a second bottom test, with bearish volume continuously decreasing, indicating that bulls are starting to take control. Moreover, the current price aligns with the second bottom low point, so we should expect a wave of upward momentum in the short term.
