🚀 BTC ALERT! SHOULDER-HEAD-SHOULDER (S-H-S) FORMATION CONFIRMED ON 4H! 📉 Clear bearish signal.
Hello everyone, crypto family! 🫡 Here is your trusted analyst with a critical market update. This morning the charts have given us a chart pattern we can’t ignore.
📊 Technical Analysis Express: BTC/USDT 4H 📊
I’ve been monitoring the price action and the outlook is as follows:
👉 Key Pattern (4H - Main Chart): The Shoulder-Head-Shoulder (S-H-S) formation has been completed and confirmed on the 4-hour timeframe. It’s one of the most reliable and bearish trend-reversal patterns in technical analysis. Price has broken the neckline and is currently struggling to stay above $63,895.
👉 Indicator Confirmation: The fast moving averages (MA7, MA25) are crossing downward below the MA99, validating sell pressure. Volume is supporting the decline.
👉 Bearish Targets: If we lose the current area, the next technical targets are to seek support around 62,228$ e and even lower levels toward 60k if bearish pressure continues.
👉 1H and 1D Context:
On 1H: Price is under pressure, testing dynamic resistances to the downside.
On 1D: The long-term trend is still bullish, but the current pullback is significant and the daily MA99 is the last major support.
🎯 Strategy to Follow 🎯
Short (Sell Short): With the confirmation of the S-H-S, look for entries on bounces toward the broken neckline (64k–64.2k zone) with a stop loss adjusted above the right shoulder and defined targets at 63,211 and 62,228.
Long (Buy): Lots of patience. Wait to see a clear reversal pattern in lower support zones or a deep pullback to the daily MA99 before considering value buys.
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