$BTC: Technical Breakdown (High-Probability Bearish Setup)CRYPTOCAP:BTC : Technical Breakdown (High-Probability Bearish Setup)
Market Structure Shift
Bitcoin has Already lost $107000 major bullish support and is sustaining below it, confirming a bearish market phase.
The Head & Shoulders distribution pattern is fully validated.
Head & Shoulders Measurement
As per classical H&S rules, the 162% extension target of the pattern has already been achieved on the downside, indicating:
🔹 Pattern completion
🔹 Cycle top likely formed
🔹 Transition from bull to bear phase
Fibonacci Retracement (Macro Bear Framework)
Measured from bear-market low → cycle top, Fibonacci levels project:
0.382 Fib: ~$56,700
0.5 Fib: ~$44,000 → key bear market acceptance zone
0.618 Fib: ~$35,000 → strongest macro support / worst-case scenario
Current price action still reflects a healthy macro retracement, not capitulation.
Liquidity & Imbalance
Despite the bearish structure, a Fair Value Gap (FVG) remains unmitigated in the $98,000–$100,000 range.
This level may act as a liquidity magnet before the next impulsive leg down.
Bias & Scenarios
Primary bias: Bearish
Relief rally possibility: $98K–$100K (FVG fill)
Next downside leg: $70K–$60K, then deeper Fib supports
Conclusion
With H&S 162% target completed and structure broken, BTC remains bearish by technical definition.
Trade only with confirmation, manage risk, and respect all valid scenarios.
NFa & DYOR
