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bitcoin:native is showing a clear Head & Shoulders pattern on the chart.
After forming multiple lower highs, price now is losing the key resistance area around the 0.382 Fibonacci level, and it’s moving back toward the important $74.8K support zone, which is also acting as the neckline of the pattern.
This is the key level to watch now.
If BTC gets a bounce from there, we could see another recovery attempt. But if the neckline breaks down cleanly, it may trigger a bigger drop toward the $72K zone.
#Bitcoin