According to the analysis of CNY cross pairs, there is a major head and shoulders topping pattern present in the CNY/JPY chart, indicating a potential weakening of the yuan. This technical pattern is often viewed as a bearish signal, suggesting that traders should prepare for possible declines in the yuan's value against the Japanese yen.

According to Mihir (@RhythmicAnalyst), Bitcoin experienced a price drop over the last three days due to the formation of two Head and Shoulders (H&S) patterns. These technical patterns are significant in predicting potential reversals in the market, thus leading to decreased trader confidence and subsequent selling pressure. Traders are advised to monitor these patterns closely for future trading decisions.