Bitcoin’s weekly chart is showing bearish signs. A Head & Shoulders pattern is confirmed and the main trendline is broken, which increases downside risk.
Price may retest the $50,000–$54,000 support zone, and volatility can continue until strong support is reached.
Right now aggressive buying is risky. Better to stay cautious and wait for stronger levels instead of rushing in just because the price looks cheap.
Long-term investors can focus on HOLD and accumulation on strong dips.
