Instrument: BTCUSDT
Time Frame: 15m
Exchange: Bitget
Trading Type: Swing Trading
On the Bitcoin 15-minute chart, a bullish Harmonic Shark pattern has been observed. The Potential Reversal Zone (PRZ) for this pattern extends up to the 1.13 level, but it appears that the PRZ has been confirmed slightly earlier, with a clear trend reversal visible on the lower time frame (LTF).
The maximum target for this pattern is approximately 110k, which aligns with the 1.414 target from the previously shared AB=CD pattern idea.
If Bitcoin breaks through the downward trendline and successfully reclaims the upper key level as support, we can expect a smooth move toward this target, making it possible to set up an additional long position