BTCUSD has formed a head and shoulders top

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BTCUSD has formed a head and shoulders topBitcoin / U.S. dollarBITSTAMP:BTCUSDXTrendSpeedOn the 4-hour chart, BTCUSD has formed a head-and-shoulders pattern. Currently, attention should be paid to resistance near 115,200. Consider shorting if the rebound encounters resistance. Support is expected to be around 113,000, and further support is expected to be around 110,000 if the price breaks below.