Bitcoin Short Signal | PRZ and Head & Shoulders Confirmation!
2024-11-30

🔹 Entry (Stop Sell): $96,900
🔹 Take Profit (TP): $90,740
🔹 Stop Loss (SL): $98,900

✨ As mentioned in the previous analysis, Bitcoin has completely filled the FVG at $96,500 and is now reacting to a 4H Order Block near the $98,400 level. The key highlight here is the confluence with a descending trendline, which previously acted as support but has now turned into strong resistance.

🔍 This critical intersection has created a PRZ (Potential Reversal Zone), increasing the likelihood of a rejection. Furthermore, it appears that Bitcoin is forming a Head & Shoulders reversal pattern on the 4H timeframe. This pattern provides an additional confirmation for the bearish rejection from the Order Block.

🎯 Targets: If the short position is triggered, the first target is $90,740. Breaking this level could lead to further downside.

⚠️ The confluence of the PRZ, Order Block, descending trendline, and Head & Shoulders pattern makes this a high-confidence short opportunity.