Are we noticing a H&S in Bitcoin?

BTCUSD seem to have made a H&S pattern in daily which broke down couple of days back but so far 40k support is holding. If we get a close below 40k in daily then we might see 30k levels. If that happens then that would be a pretty good level to accumulate as far as we are concerned. Keep an eye!

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Looks like the pullback to neckline is done nicely. Only thing holding BTC from falling here is 40k support. Close below that would mean significant downside.