📊#BTC Bearish Head and Shoulders📉

May 26, 2024

📊#BTC Bearish Head and Shoulders📉

🧠The downward trend line is broken, which means that wave 5 has ended, that is, the previous adjustment has ended. The end of the adjustment does not mean that the rise will continue, and it may also evolve into a larger downward structure.

➡️Structurally, we have a bearish head and shoulders formation near the sell zone, so we can expect a pullback. Since there is a double bottom structure below as support, we are still in the rebound stage, so the bearish head and shoulders here can only be expected conservatively.🙏

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May 26, 2024

Order cancelled

Bearish head and shoulders has expired