BTCUSDT: Head & Shoulders Breakdown in FocusBitcoin / TetherUSBINANCE:BTCUSDTmelikatrader94Hi! Bitcoin has formed a Head & Shoulders pattern on the 4h chart, with the right shoulder completed after rejecting higher prices. The recent decline has also broken the ascending trendline, signaling weakening bullish momentum. Price is now testing the $62,900 support. A confirmed close below this level would validate the bearish setup and increase the probability of further downside. Bearish target: The measured move of the Head & Shoulders points toward the $61,400 support zone. If selling pressure accelerates, this area becomes the primary downside objective. As long as Bitcoin remains below the broken trendline and fails to reclaim the neckline, the technical outlook favors continued bearish pressure toward the $61.4K target.