BTC – The Neckline Is All That Stands Between Price and $70K

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BTC – The Neckline Is All That Stands Between Price and $70KBitcoin / TetherUSBINANCE:BTCUSDTDamonEdgeHello everyone, BTC is approaching a critical area after struggling to maintain its bullish momentum above $85,000. What catches my attention is the Head and Shoulders pattern developing on the daily chart, suggesting that buyers are gradually losing control. With price now trading around $76,500, the neckline is becoming an important level to watch. The $75,000–$76,500 zone has supported BTC several times, but repeated tests are putting that support under increasing pressure. A confirmed daily close below the neckline would strengthen the bearish setup and could open the door for a deeper correction toward $70,000. For now, I prefer to SELL on a confirmed breakdown rather than anticipate the move too early. The pattern is not yet confirmed, but the weakening price structure suggests that sellers may be gaining the upper hand. Thanks for reading!