Bitcoin (BTC/USD) is showing signs of a potential bearish reversal, forming a clear Head and Shoulders pattern on the 15-minute chart.
Key Technical Insights:
The structure is aligned with a classic head and shoulders setup.
Price action has respected the descending trendline resistance.
The right shoulder has formed under key supply pressure, increasing the probability of a drop.
A breakdown below the neckline could drive price toward the 107,400 zone.
Target zone aligns with previous consolidation and demand area.
This setup offers a well-defined risk-to-reward structure, based on pattern confirmation and market structure.
📉 Pattern-based idea with proper technical reasoning. Monitoring closely for breakdown and follow-through price action.
