BTC 4H Breakdown: Classic Head & Shoulders Neckline Breached!Bitcoin / TetherUSBINANCE:BTCUSDTmohammadhassanliLooking at the 4-hour timeframe for BTC/USDT, a textbook Head and Shoulders (H&S) topping pattern has fully developed. We've seen a clear Left Shoulder, Head, and Right Shoulder play out, bounded by an ascending neckline. As shown in BTCUSDT_2026-07-28_23-36-45.png, the bears have just forced a breakdown below this crucial neckline support. Here is a breakdown of the current setup: The Setup: H&S pattern on the 4H chart with an ascending neckline. Current Action: Price has broken down below the neckline. We are currently watching for a potential retest of this broken trendline (indicated by the blue path), which should now act as fresh resistance. The Target: Based on the standard measured move from the peak of the Head to the Neckline, we are projecting a drop of roughly 5.5% (approx. -3,690 points). This projection aligns perfectly with the next major historical support blocks, putting our primary target zone between $60,000 and $61,000. Invalidation: This bearish thesis will be invalidated if the bulls manage to push the price back inside the pattern with strong volume and reclaim the Right Shoulder. Always manage your risk, use appropriate stop losses, and wait for confirmation on the retest. What are your thoughts on this breakdown? Are we heading straight to 60k, or is a fake-out in play? Let me know in the comments below! 👇