According to Mihir (@RhythmicAnalyst), Bitcoin's price action in the last three days shows a Head & Shoulders bearish pattern, suggesting potential downward pressure. The analysis indicates a possible recovery path if Bitcoin holds above certain support levels, as marked on the chart. Traders are advised to monitor these levels closely for potential entry points.

According to Edward Dowd, the Homebuilders equity ETF, $XHB, which peaked in October, is currently testing the Head & Shoulders neckline. Dowd suggests that this technical formation indicates a potential market correction in the housing sector, which traders should monitor closely for any further developments.