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The daily chart for $BTC is flashing danger. A classic Head & Shoulders pattern has activated, and key short-term support has been broken. Technicals point to a likely drop toward the $50,000 support zone.
Why this is serious:
Bearish Reversal Confirmed: The Head & Shoulders pattern signals that the previous uptrend is exhausted and sellers are taking control.
Support Broken: The crucial rising trendline (neckline) has failed, showing bulls cannot hold momentum.
Downside Target: Chart projections point straight to the $50,000 support. A sharp move is highly possible.
What to do:
This is not the time to jump in. Entering now is extremely risky. Protect your capital and wait for a confirmed bottom or a strong bounce from major support.
Check your other coinsâare they showing similar warning signs? Share below so the community stays alert.