As of june 5, 2025, Bitcoin is hovering near $104,975, showing a mild 24-hour drop of around 0.87%. Market sentiment is cautious, and a well-known bearish signal might be forming on the charts.
🧠 Pattern in Focus: Head & Shoulders on BTC
Traders are eyeing a potential Head & Shoulders setup on the BTC/USDT chart — a pattern often associated with trend reversals:
*Left Shoulder: Formed with a decent high and a bump in volume
*Head: The highest peak, standing out above both shoulders
*Right Shoulder: Slightly lower, mirroring the left
*Neckline: An upward-angled support line that’s currently under pressure
If the neckline gives way, this could hint at bearish momentum ahead.
📊 Technical Signals
EMA 7 & EMA 21: Price action is sitting below both — not a good sign for bulls.
MACD: Losing steam, with the MACD line sliding down. A bearish crossover is on the radar.
Together, these tools are painting a short-term negative picture.
📌 What Could Happen Next?
🔻 Bearish Scenario : If BTC breaks under the neckline with strong volume, we could see a drop toward the $92,900 support area.
🔼 Bullish Reversal : A bounce from the neckline and reclaiming the EMAs might lead to a fresh move upward.
Keep an eye on key levels and be ready for either outcome.
⚠️ Tips for Navigating Volatility
Don’t Jump the Gun: Wait for a confirmed break before shorting.
Protect Your Capital: A stop-loss just above the right shoulder can help limit risk.
Volume = Clue: A genuine breakout usually comes with strong volume.
Always stay sharp, use solid risk management, and adapt to market shift.
*This post is for educational purposes only — not financial advice. Do your own research before making any trades.