Chart analysis for Bitcoin/TetherUS (BTC/USDT) with Heikin Ashi candles showing a Head and Shoulders pattern:

Pattern Analysis:

1. **Head and Shoulders Pattern**:

- **Left Shoulder**: Formed in late May.

- **Head**: Formed in early to mid-June.

- **Right Shoulder**: Formed in late June.

Key Levels:

- **Neckline**: Around 58,000 USDT.

- **Target**: Projected by the height of the head from the neckline, approximately 11,724 USDT drop.

Calculations:

- **Head to Neckline Drop**: 72,000 - 58,000 = 14,000 USDT.

- **Neckline to Target Drop**: 58,000 - 14,000 = 44,000 USDT.

Support and Resistance:

- **Resistance**:

- 60,000 USDT (recent high before right shoulder).

- 64,000 USDT (high of right shoulder).

- 72,000 USDT (head).

- **Support**:

- 58,000 USDT (neckline).

- 54,000 USDT (previous lows).

- 50,000 USDT (psychological level).

- 44,000 USDT (target from the pattern).

Confirmation:

- **Break Below Neckline**: The chart shows a break below the neckline around 58,000 USDT.

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