BTC (CME) Head & ShoulderBitcoin FuturesCME:BTC1!micchuaSince Feb 8 2026 from last posting, market has a high probability wave c of wave 4 in the making with objective towards 51110-47055 range for support. Leaning on the Reverse Head & Shoulder formation the neckline break and market rebounding beneath neckline suggests more downside towards H & S objective 51110. Should Wave c project 0.618 of wave a -51700 would be the objective. Should alternative wave c take precedence, where wave c = 1.618 of wave a- 47055 is the objective couple with a 50% retracement for wave 4 at 47055 and into zone of wave 4 of a lesser degree should pose a potential support.