🚨 A dangerous reversal pattern is forming on Bitcoin! 🧨

#BTC #MyCOSTrade #MarketPullback #TrumpVsMusk #BinanceAlphaAlert

We currently observe the formation of the Head & Shoulders pattern on the chart, which is one of the strongest reversal patterns indicating a strong potential decline ahead.

📉 The price has broken the neckline at approximately 103,000$ , and if it stays below this line, we might see a rapid downward movement towards the next support level at $96,654.

⚠️ However, we must clarify: the pattern will be completely invalidated if Bitcoin closes above the level of 105,000$ within the next two days, and at that time, it will be a false breakout and the general trend may revert to bullish.

✍️ This type of pattern is important for every trader as it helps make entry or exit decisions before strong movements.

My personal opinion:

The pattern is clear but needs confirmation with a daily close. Personally, I do not consider it a selling opportunity until after closing below the neckline with strong trading volume.

The question for you:

Do you think the Head and Shoulders pattern will materialize and Bitcoin will drop soon?

📉 Yes, a decline is coming

❤️ It may fluctuate but will not crash

📈 No, it will rebound and rise again