#Bitcoin falls below $75,000#

Bitcoin's recent price action has sparked market attention, with analysts pointing to a potential "head and shoulders" pattern on the price chart that, if completed, could signal a sell-off extending to $75,000. This pattern refers to a price movement that forms a head and shoulders-like shape, consisting of a head and two shoulders. Analysts believe that Bitcoin's failed attempt to break through the $100,000 mark in November marked the first shoulder formation, followed by a rapid decline from its all-time high of over $108,000 in the second half of December to $92,000, forming the head. The recent 5% price drop to near $97,000 suggests the formation of the right shoulder. If the sell-off continues and the price breaks below the neckline (the horizontal trendline connecting the bottoms of the two shoulders), the bearish head and shoulders reversal pattern will be confirmed, and a break below this level could signal a further decline to around $75,000. This implies that Bitcoin prices may face further downside risks, and investors need to closely monitor market dynamics and invest cautiously.