Some will say the head and shoulders pattern is clear. Why wasn't the pattern's target achieved?
I say this for the sake of education: each pattern has its own conditions, and each has its own exceptions. You should know that support and resistance are stronger than trends, as in the yellow bar. You should also know that there are patterns that can be exploited to create a trap, and the pattern may be incomplete, like the current Bitcoin movement.
Some analysts on Twitter are analyzing the head and shoulders pattern as if they predicted an impending decline, but the market has surprises in store for them.