According to @rovercrc, Bitcoin (BTC) is forming a head-and-shoulders setup similar to prior cycles, implying potential downside risk if the pattern confirms. Source: https://twitter.com/rovercrc/status/1963693045377081384 The post does not specify neckline level, volume confirmation, or invalidation price, so traders should define these levels on their own charts before acting. Source: https://twitter.com/rovercrc/status/1963693045377081384 In technical analysis, confirmation generally requires a decisive neckline break with rising volume, as head-and-shoulders patterns often precede bearish reversals. Source: https://www.investopedia.com/terms/h/headandshoulders.asp A common invalidation criterion is a sustained close back above the right-shoulder highs after a breakdown attempt, which weakens the pattern’s reliability. Source: https://thepatternsite.com/hs.html Around confirmation, traders often monitor funding rates and open interest; funding flipping negative alongside OI unwinds can signal momentum and potential squeeze risk. Source: https://academy.binance.com/en/articles/what-are-funding-rates