HI!
Bitcoin is currently trading inside a well-defined range, where price action has formed a Head and Shoulders structure within the upper half of the range. The left shoulder, head, and right shoulder are clearly developed, signaling weakening upside momentum after repeated failures near range highs.
Price is now hovering near the range midline/neckline zone. A confirmed breakdown below this level would activate the pattern, opening the door for a move toward the 85,600–86,200 demand zone, which aligns with prior strong accumulation.
As long as the price remains below the right-shoulder high, bearish pressure dominates. However, a strong reclaim back above the head would invalidate the pattern and keep the price rotational within the range.
✅ Trade here on $BTC
