As we can see BTCUSDT on 4h timeframe has formed head and shoulders pattern with an impulsive break of its neckline.
A retest of the neckline and the structure level shown can be expected before a second leg down.
The target has been indicated via the arrow and dotted line.
Hello All,
BTC is dumping to 21k.
May take some time because it is a 1-day chart.
1day at the oversold zone pointing downwards.
Be careful if you are in long with high Lev.
Not financial advice.