Bitcoin Update (BTC/USD 4h Chart)
Momentum appears to be shifting bearish. After a strong move up, price action is now struggling around key resistance. The RSI is cooling off, and we see a potential head and shoulders pattern forming — a classic sign of possible trend reversal.
Key points:
Price is battling under a major trendline resistance.
Momentum indicators are turning lower.
Potential head and shoulders pattern forming: Left shoulder, head, and possibly the right shoulder shaping up now.
If price loses support around $94,224–$93,483, we could see a deeper correction.
Watch for confirmation: A breakdown below the neckline would be the trigger.
Stay cautious — a rejection from these levels could bring more downside pressure.
