💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
📈💼 #NFPBeatsExpectations
The latest Non-Farm Payroll (NFP) report has beat expectations, showing stronger-than-anticipated job growth in the U.S. economy.
🔎 Market Implications:
• Strong employment → potential for higher interest rates
• Risk assets like crypto and stocks may face short-term pressure
• USD strength could increase, impacting BTC and altcoin liquidity
📊 Key Levels to Watch:
• BTC Support: $67K – $68K
• BTC Resistance: $70K – $71K
• Altcoins: Watch for correlated volatility
💡 Trading Tip:
NFP surprises often trigger sharp price swings. Keep positions sized properly and watch for market reaction before adding exposure.
How are you positioning after today’s NFP report? 👇
#NFPBeatsExpectations #MacroUpdate #BTC #Bitcoin #CryptoTrading