#CryptoSecurity101

🚨 A dangerous reversal pattern is forming on Bitcoin! 🧨

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

📉 The price has broken the neck line at around 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, at which point the breakout will be false and the overall trend could return to bullish.

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

My personal opinion:

The pattern is clear but needs confirmation with a daily close. Personally, I don't consider it a selling opportunity unless it closes below the neck line with strong trading volume.

The question for you:

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

📉 Yes, a drop is coming

❤️ It may fluctuate but it won't crash

📈 No, it will bounce back and rise again