According to Mihir (@RhythmicAnalyst), Bitcoin has formed another Head & Shoulders (H&S) pattern within the designated green box. However, the typical bearish implications of this pattern might not hold, suggesting a potential price increase. Mihir's analysis indicates that traders should be cautious of making bearish bets without further confirmation, as the pattern may be invalidated. This could imply a shift towards bullish momentum, impacting trading strategies focused on short positions. The tweet highlights the importance of understanding pattern invalidation in technical analysis, although Mihir does not specify the exact reasons for this potential invalidation in his post.