BTC USDT Forming Head and shoulder in 5 Min

Chart Breakdown
🟢 Pattern:
Left Shoulder: 118,450

Head: ~118,600

Right Shoulder: ~118,400

Neckline: Sloping slightly upward, around 118,050

📌 Bearish Breakdown Scenario
If BTC breaks below the neckline (~118,000) with volume, the expected drop (measured move) is:

Height of pattern:
Head (118,600) – Neckline (118,000) = 600 pts

Target on breakdown:
118,000 – 600 = ~117,400

🔻 Target: 117,400–117,300
🔒 Invalidation: Price closes above 118,300 with strong volume.