neckline

🚨📉 BITCOIN IS FORMING A RIGHT SHOULDER… AND ALMOST NOBODY WANTS TO SEE IT 😳🔥

If you want to understand why some traders believe BTC could drop below 70K, stick around 👀📊 hit follow so you don't miss a thing

🧠 The chart is starting to show a possible Head and Shoulders (H&S) setup on higher timeframes

Right now, the price is still building the right shoulder just below a key resistance zone ⚠️📉

The white line you see acting as support is the famous "#neckline "

👇 Here's the issue:

If #BTC breaks that neckline with strength… the market could accelerate VERY quickly towards much lower zones 😶🔥

📉 Many #traders are already watching:

74K as immediate support

70K as a psychological zone

and below that, more aggressive targets start to appear 😳

But here’s where it gets interesting 👀

🧠 The more people believe that "the worst is over"… the more dangerous the market can get

Because in zones like this, the price tends to do one of two things:

🚀 #short violent squeeze to liquidate shorts
or
💥 Strong breakdown to liquidate #long s who are too confident

And right now the market is still extremely divided 😵‍💫📊

📉 Low funding
📉 Unleveraged open interest
📉 Many people waiting for a bounce
🔥 But the structure still does NOT confirm real strength

That's why losing that neckline would be a VERY delicate technical signal ⚠️

Although keep in mind… it’s still not confirmed 😏

BTC remains within range and as long as it recovers higher zones, it can still invalidate the bearish scenario

👇 So the real question is:

Is Bitcoin preparing for the final drop below 70K… or is this just another trap to liquidate shorts before the real pump? 🚀📉🔥