Bitcoinās daily chart is flashing serious warning signs. A bearish Head & Shoulders pattern has fully activated, and key short-term support has already broken. This opens the door for a potential move toward the $50,000 support zone.
ā ļø Consider this a public service announcement: extreme caution is required. The technical structure is clearly signaling elevated downside risk in the short to mid-term.
š Bearish Technical Breakdown
Confirmed Head & Shoulders Reversal
$BTC has completed a classic Head & Shoulders pattern ā one of the most reliable bearish reversal structures. This typically marks trend exhaustion and a shift in control from buyers to sellers.
Key Support / Neckline Breakdown
The rising support trendline (neckline) has been decisively lost. This confirms bullish failure and increases the probability of accelerated selling.
Measured Move Target
The pattern projection aligns with the lower boundary of the broader channel, pointing toward the $50,000 major support zone. A sharp move into this area cannot be ruled out.
ā ļø Final Warning
Entering longs at this stage is high risk while bearish momentum dominates. Trying to ābuy the dipā here is effectively catching a falling knife.
š” Strategy:
ā¢ Protect capital
ā¢ Avoid emotional entries
ā¢ Wait for a confirmed bottom or a strong reaction from major support
Are you holding any coins showing similar bearish structures? Drop them in the comments so the community stays alert.
Stay calm. Manage risk.
