A Head & Shoulders isn’t bearish because of its name.


It’s bearish because of the math.
If the neckline breaks on $BTC, the expected move is often equal to the distance from the head to the neckline.
In this case:
Neckline: $76K
Projected target: $25K
Potential move: -67%
The pattern is simple.
If it can’t reclaim that level, every rally becomes a question instead of an answer.
Markets don’t care where you bought. They care where liquidity sits.
BTC1.01%
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