BTCUSD It is ignorant to bet beyond a range unless there is evidence of breakage, up or down. This asset is tapping range low support with absolutely no evidence of breakage. So, any prediction of lower prices is wishful thinking. At the end of the day, zoom out and go back to your basic training.
BTCUSD That is not a head and shoulders pattern. What you are seeing is range low of a massive bullish pennant. Plus, there is a large bullish order block extending rom 101.2k all the way down to 95k, thus, a large wick will print before a head and shoulder will confirm there, well before. It is more likely to see a massive pump from this region of the chart than it is to see a dump. I remain bullish however your opportunity to short has long been gone and would have been at around 106.4k. Longing from here is most logical since the order block size is notable and significantly massive. Likely bear trap IMO.