⚠️ Bitcoin Technical Warning
Extreme caution is advised for $BTC as the chart signals elevated downside risk in the short to mid-term.
📉 Key Bearish Signals
A confirmed Head & Shoulders reversal suggests the prior uptrend has exhausted and sellers are taking control.
The rising support trendline (neckline) has been decisively broken, reinforcing bearish momentum.
Technical projections point toward a potential move down to the $50,000 major support zone, near the lower boundary of the long-term channel.
🛑 Risk Management Takeaway
Entering positions at current levels is high risk. Avoid trying to catch a falling knife. Preserving capital and waiting for a clear bottom or a strong rebound from major support is the safer approach.
Stay alert, manage risk carefully, and watch for confirmation before making moves.
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