The BTC/USDT pair has formed a Head and Shoulders (H&S) pattern, which could indicate high market volatility. This pattern is considered one of the most complex to trade within harmonic analysis, so I've marked specific points for a potential "dump" trigger and a reversal point.
For a reversal to begin, the price needs to return to the safe trading area, meaning above the 121 and 200-period moving averages.
Another important note: for the price to continue declining, it needs to break through the 57,867.95 level. In the 54,453 region, we have an important reference for the liquidation of long positions, where brokers and large players may take profits. This would be the midpoint of the structure.
The maximum limit of the pattern points to a liquidation of 1.89 billion in the 51,163 region, where large players may attempt to hold the market due to the large volume of long position liquidations.