BTC - Potential H&S Pattern (Bearish Outlook)Bitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTIn my last post I outlined the bullish scenario for BTC. Now I want to lay out the bearish counterpart so we can be fully prepared for whatever comes next. For reference, view my last post here: It is important to note upfront that this is more of a predictive outlook at this stage. There are currently no confirmations that the right shoulder has formed or is forming yet. What I Am Seeing From a bearish perspective, I am identifying the potential formation of one of two Head & Shoulders patterns. Pattern 1: White H&S The first pattern is outlined in white and has formed across the entire trend dating back to early February. The left shoulder printed a high in the upper $72,000 region, the head made its high at $76,000, and the predicted right shoulder would form another high in the upper $72,000 region if price gets rejected soon. If that high forms here, a move back toward the white neckline trendline is expected, followed by a breakdown leading to the lower targets outlined in my previous bearish posts. Pattern 2: Orange H&S The second potential pattern is outlined in orange. This one is more recently formed but appears to have slightly cleaner structure than the white version. This pattern began in early March with the left shoulder forming at $74,000, the head forming the same high at $76,000, and if price is able to push back toward $74,000 and get rejected there, that would form the right shoulder. The neckline of this pattern is more clearly established around the mid $65,000 level. The Key Catalyst: CPI Tomorrow CPI releases tomorrow and the market is expecting a hot print. If the number comes in worse than expected, either of these scenarios could begin to unfold based on the predictive structure currently developing. Again, it is too early to draw firm conclusions as no confirmations have been given yet, but if they do start to develop, I wanted to have this framework outlined in advance so you know exactly what to watch for.