This is a public service announcement: Please be extremely cautious with $BTC. The chart is screaming danger, suggesting significant capitulation is ahead.
Bearish Confirmation Signals
The Daily chart confirms two catastrophic bearish signals, indicating that aggressive selling is dominating the market:
- Head and Shoulders (H&S) Reversal Pattern: A massive H&S pattern has formed near the market peak. This classic bearish pattern typically signals the end of an uptrend, and the price structure suggests the neckline has been decisively broken.
- Broken Trendline: The crucial long-term rising trendline, which successfully contained the uptrend for months, has been violated. This technical failure signals a severe shift in market structure from bullish accumulation to heavy distribution.
Based on traditional H&S measurements, the target zone is dangerously close to the key $50,000 psychological support level. Entering a long position here is incredibly risky and foolish.
Chọn mặt gửi vàng - Chọn sàn an tâm đầu tư. Giao dịch mua/bán crypto - sàn uy tín hàng đầu để tối ưu hóa lợi nhuận và an toàn cho tài sản của bạn.
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