📉 Are we witnessing the beginning of a downward reversal on Bitcoin? 📉
By following the movement of #BTC on the daily frame, we notice a potential formation of a head and shoulders pattern, which is one of the strongest reversal patterns that often indicate the beginning of a downward wave ⛔📉
But to clarify:
This is just a potential pattern and has not been confirmed yet.
The actual confirmation will only occur if the neck line is broken at levels with a clear daily close.
I do not intend to scare with this analysis; the goal is merely technical awareness and to draw attention to a pattern that may be influential in the coming days.
My personal opinion:
If we actually break the neck line, we might see selling pressure and a wider drop towards areas of 94 thousand or less… but so far there is no confirmation and the pattern is still under observation only.
The question for you:
Do you expect the neck line to be broken and the drop to begin?
📉 Yes, the drop is coming strongly
❤️ Maybe, but we need to see confirmation or additional signals
📈 No, the market will rebound and rise again
