📉 $BTC Head & Shoulders Breakdown Forming? Classic Bearish Setup on the Weekly
Bitcoin is painting a textbook Head & Shoulders top on the 1W timeframe.
Left Shoulder: Formed mid-2024 peak
Head: Massive blow-off top (~2025)
Right Shoulder: Lower high in 2026
The neckline is under pressure, with price currently sitting at $59,714 (-0.13%). Multiple confluences are lining up:
Fair Value Gap (FVG)
Daily Liquidity sweep (DLiq)
Clear breakdown structure below the right shoulder
This pattern historically targets the height of the head projected down from the neckline — potentially much lower prices if the breakdown confirms.
The lightning bolt on the chart isn't random... it's signaling distribution phase.
Are we entering the real bear market leg? Or is this another fakeout before new ATHs?
What’s your take — $50K retest incoming or bullish divergence saves it?
#Bitcoin #crypto #Trading #BTC #Binance $BTC
Bitcoin is painting a textbook Head & Shoulders top on the 1W timeframe.
Left Shoulder: Formed mid-2024 peak
Head: Massive blow-off top (~2025)
Right Shoulder: Lower high in 2026
The neckline is under pressure, with price currently sitting at $59,714 (-0.13%). Multiple confluences are lining up:
Fair Value Gap (FVG)
Daily Liquidity sweep (DLiq)
Clear breakdown structure below the right shoulder
This pattern historically targets the height of the head projected down from the neckline — potentially much lower prices if the breakdown confirms.
The lightning bolt on the chart isn't random... it's signaling distribution phase.
Are we entering the real bear market leg? Or is this another fakeout before new ATHs?
What’s your take — $50K retest incoming or bullish divergence saves it?
#Bitcoin #crypto #Trading #BTC #Binance $BTC