🚨
This is a market caution notice. Traders should remain highly alert as $BTC is showing clear technical weakness, signaling elevated downside risk over the short to mid-term.
📉 Bearish Technical Signals
🔻 Head & Shoulders Breakdown Confirmed:
Bitcoin’s price action has completed a well-known Head & Shoulders reversal pattern, a structure that often marks the end of an uptrend and the start of sustained selling pressure.
📉 Major Support Trendline Lost:
The key ascending support—serving as the neckline—has been cleanly broken. This failure highlights a loss of bullish control and increases the likelihood of further downside acceleration.
🎯 Price Target Confluence:
Technical projections from the breakdown point toward the lower range of the broader channel, putting the $50,000 support area directly in play. A rapid move toward this level cannot be ruled out.
⚠️ Risk Notice & Conclusion
Opening new positions at current levels carries substantial risk while bearish momentum remains dominant. Chasing price or attempting to time the bottom is dangerous. Focus on capital protection and wait for either a confirmed base or a strong, impulsive rebound from major support.
Are you tracking any other assets with similarly weak chart setups? Share them below to help the community stay prepared 👇
🧘 Stay disciplined. Manage risk. HOLD $BTC on Binance.