⚠️ Don’t rush to catch a falling knife with $BTC .

The daily chart is flashing red alerts that traders shouldn’t ignore. Bitcoin has formed a textbook Head & Shoulders pattern, and the neckline has already been decisively broken. This setup typically signals a potential end to the previous uptrend and the start of significant distribution.

Additionally, the long-term ascending trendline that supported price for months has failed, confirming a major shift in market structure. Using standard H&S projections, downside risk is still active, with $50,000 acting as a key psychological support. Any short-term bounce should be seen as a relief rally rather than a genuine trend reversal.

Patience remains the key trade right now. Focus on protecting capital, avoid emotional long positions, and wait for clear confirmation before considering a re-entry.

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