BTC's 1-Day chart shows confirmation of a massive Head & Shoulders pattern and a broken primary uptrend line, pointing to an imminent test of the critical $50,000 support zone.
🚨 Public Service Announcement – $BTC 🚨
Please be extremely cautious with Bitcoin right now. The chart is screaming danger, and signs of major capitulation are flashing red.
🔻 Bearish Confirmations (Daily Chart):
1️⃣ Massive Head & Shoulders Breakdown
A classic reversal pattern has fully formed near the top — and the neckline is already broken. This usually marks the end of an uptrend and the start of aggressive selling.
2️⃣ Long-Term Trendline Broken
The rising trendline that held price for months is gone. This confirms a shift from accumulation to distribution. Bears are in control.
📉 Downside Risk:
Based on H&S projections, price is targeting the $50,000 psychological zone.
❌ Going long here is extremely risky.
Cheap prices can be a trap — major downside targets are active.
🗣️ Are you holding any coins with similar ugly charts?
Drop them in the comments so we can stay alert together 👇
#BTC # #Bitcoin #CryptoWarning #MarketUpdate #RiskManagement
