BTC formed a head and shoulders in consolidation!

3 days ago

Hi!

Bitcoin recently completed a Head and Shoulders pattern, leading to a rejection from the “first hunt” area near the previous high. After that rejection, price has been moving lower and is now approaching a key S&D (Supply & Demand) zone highlighted on the chart.

This lower zone represents the “second possible hunt”, an area where liquidity may be collected before a potential strong bullish reversal. The structure shows consolidation forming above this zone, suggesting that sellers may soon exhaust as buyers prepare to step in.

If price sweeps the lows into the S&D zone and finds strong support, we could see a sharp reversal move toward the $118K–$120K region, aligning with the previous highs and major liquidity level.

However, if Bitcoin fails to hold the S&D zone, the bullish recovery scenario would be invalidated, and deeper correction could follow.

the target of this head and shoulders pattern is near $100250

3 days ago

Trade active

2 days ago

Trade closed: target reached

The target of the short position has been touched!