Bitcoin Head And shoulders 1D analysis

Bitcoin is currently forming a head and shoulder pattern in 1D time frame. Here are key observations:

• Neck break has occurred and is currently going for a retest of the neckline.
  
• Neckline retest can push price down but incase we see the resistance fail and a BIG volume upside move invalidates H&S bitcoin can turn bullish.
  
• Current focus is the Area of interest marked on the chart.
  
• Trading side is slightly tilting towards a bearish scenario but weekend low volume scenarios are hard to predict.
  
• Keep an eye on world markets and trade accordingly.