Bitcoin Inverse Cup/Handle

BTC has formed an inverse cup/handle on the daily time frame. If BTC doesn’t bounce off of support, it’ll fall hard. A strong bounce off of support will be really bullish. Inverse Cup/Handles usually indicate more downtrend, so let’s hope it gets denied by bouncing at support. A break in support will be deadly for BTC. This is something we have to watch closely. This is just an observation so don’t panic.