Bitcoin is About to Die?Bitcoin FuturesCME_DL:BTC1!ROW_PartnersMonths ago we spotted the daily Head and Shoulders pattern forming, and more recently we shifted focus to the much larger weekly Head and Shoulders structure. Right now, BTC is testing a massive floor where two major support levels meet in the exact same spot: the pattern neckline and the upward trendline from 2023 around $64k to $65k. What makes this move so dangerous is what is happening under the hood. Even with this drop, weekly RSI is not even oversold yet, meaning sellers still have plenty of room to push price lower before buyers have to step in. Meanwhile, the 4 hour chart is showing brutal downward trend strength with zero sign of slowing down. Looking at the volume since the October high, selling has not even been super heavy, and data shows this is not driven by aggressive new shorting. Instead, this flush is likely long liquidations and leveraged wipeouts cascading through thin weekend order books. If BTC loses this $64k floor on a weekly close, minor support sits at $54k and $45k, with the 2020 trendline waiting all the way down near $34k. Funny how we also pointed out the extreme bullishness from influencers right near the highs, which raised a massive red flag for us. Without fail, they called the exact top. Who even needs technical analysis when influencers go mega bull again! Opinion and Plan Patience is everything right now. Wait for true capitulation. Wait for real buying volume to actually step in. Wait for clear positive divergence or another solid technical sign that the selling is finally done before trying to catch this falling knife. TGtg!