[BTC] Reverse Head and Shoulder Pattern Completed Bitcoin (23.03)

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The U.S. interest rate target of 4.7% is around 5.1% at a time when anxiety over the financial crisis is growing due to the recent bankruptcy of SVB Bank

Raising interest rates to curb inflation is gradually causing side effects. First of all, SVB banks in the financial sector were once very hot, but they went bankrupt due to the acceleration of bank runs due to a sharp rise in interest rates.A 20-year-old bank went bankrupt in one day..

Raising interest rates to curb inflation is gradually causing side effects. First of all, SVB banks in the financial sector were once very hot, but they went bankrupt due to the acceleration of bank runs due to a sharp rise in interest rates.A 20-year-old bank went bankrupt in one day..

Against this backdrop, the Fed is now burdened to raise interest rates any more, and the CPI index released in March is also known to be effective, making it widely expected that the next Fed will freeze interest rates or have 0.25% baby staff.The news of a slowdown in the rate freeze % increase is good news for stocks and cryptocurrency assets, and it is believed that an environment has been created for Bitcoin to rise externally.Let’s take a look at the bitcoin chart

Although it is the main peak of Bitcoin’s mid- to long-term trend, the RSI index has also risen from overselling to normal, breaking through the current head-and-shoulder pattern with a strong double bar?

<Refer to reverse head and shoulder pattern>A package of bitcoin

I can’t say that the pattern has been completed, but the auxiliary index shows an increase. EMA 50-day 200-day Golden Cross is on the rise due to RSI overselling! This year, I think we should pick up Altona from an upward perspective

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