This setup looks very bullish!

This chart shows a bullish inverse head and shoulders pattern, which is a strong reversal signal. Here's a breakdown of the analysis:

Key Observations:
Inverse Head and Shoulders:

The chart highlights an inverse head and shoulders pattern, a well-known bullish reversal pattern.
The price is currently testing the neckline (resistance zone).
A breakout above this level would confirm bullish momentum.
Order Block (OB) and Invalid FVG:

The price is currently at an order block (OB), a strong supply and demand zone.
There is also an invalid fair value gap (FVG), which may act as additional support if a retest occurs.
Bullish Path Projection:

The red projected path suggests a pullback to the neckline (previous resistance turning into support) before a strong rally upward.
The ultimate target looks to be around 100K+, based on the pattern breakout projection.
Conclusion:
If BTC breaks and holds above the neckline (~86K), expect a strong bullish rally.
A retest of the neckline before pushing higher is likely.
If BTC fails to break out, there could be a temporary retracement before another attempt.
Trade Idea:
Entry: On a successful retest of the neckline (~85.8K–86K).
Target: 100K+ (long-term).
Invalidation: If BTC falls below 84K, the pattern is invalidated.
This setup looks very bullish!