* BTC in 1D time frame appears with Head and Shoulder pattern with the neckline as it's Important support zone around $40,500 * If price gains support around $40,500 we can expect a bounce * Price below the neckline can be a Bloodbath
Low target if H&S confirms would be below 30k (neckline to top of head is +28K, so current level - 28k is the bottom target). Don't ignore that bitcoin did not turn bearish following earlier H&S pattern this year from early 2021 to Aug 2021 - led to all time high.