Bitcoin's price action on the 4-hour chart is currently displaying a head-and-shoulders formation. This classic reversal pattern typically signals a potential trend shift. When complete, the pattern suggests bearish momentum could follow the right shoulder's breakdown below the neckline. Traders often use this setup as a signal to reassess positioning or consider taking profits on longs. The pattern's reliability depends on volume confirmation and how price behaves near the neckline support. What's your take on this setup? Are you watching for a breakout or bracing for a reversal?

BTC-1.12%
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LiquiditySurfervip
· 5h ago
Head and shoulders top, old routine... But honestly, if the trading volume at this level doesn't cooperate, the left shoulder and right shoulder are just paper tigers.
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SocialFiQueenvip
· 6h ago
Head and shoulders pattern? Uh... this thing isn't foolproof; trading volume is the real key, right?
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Degen4Breakfastvip
· 6h ago
Head and shoulders top again? Every time this pattern appears, I always want to bet the opposite, haha.
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MagicBeanvip
· 6h ago
Head and shoulders top is back again. Every time I say this, it just reverses and hits the opposite target. Damn, it's so frustrating.
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BearMarketBuyervip
· 6h ago
Head and shoulders top is back again. I've lost count of how many times this thing has fooled me.
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