SHORT BTCPattern Observed: Head and Shoulders
Left Shoulder: Formed with lower highs.
Head: The peak point of the pattern.
Right Shoulder: Slightly lower high, confirming the pattern.
Neckline: A horizontal support line at approximately 96,000 USD.
RSI Divergence
RSI shows a downward trend while price action forms higher highs during the head. This bearish divergence indicates potential weakness and supports the Head and Shoulders reversal.