Hey there, friends! 👋
Let’s take a look at what’s happening with Bitcoin right now.
A double top is a bearish pattern that signals a potential trend reversal. It happens when price fails to break resistance twice, forming two peaks at a similar level, with a neckline (support) between them.
How do we trade it?
✅ Short entry – after the neckline breaks (a retest of the neckline makes the setup even stronger).
✅ Stop-loss – above the second peak, in case of a fake breakout.
✅ Profit target – measure the height from the peak to the neckline and project it downward from the breakdown point.
Extra confirmations: If RSI shows bearish divergence, that’s an extra clue the trend is weakening.
Increasing sell volume on the breakdown makes the move more reliable.
Key Levels to Watch
📍 Resistance: $100K–$102K – Bitcoin needs to break this zone for bulls to regain control.
📍 Support: $90K – This is the first critical area; losing it could accelerate the drop.
📍 Major Support: $84K – A key decision point for whether we see a bounce or further decline.
What’s Next?
🔹 Bullish case: If BTC holds $84K and shows strength, we could see a move back toward $100K.
🔻 Bearish case: If the double-top pattern plays out and BTC loses $90K, we could be looking at a drop to $80K–$76K.
💬 What’s your take? Will Bitcoin bounce or keep dropping? Let’s discuss in the comments!
🚀 Stay tuned, my dear friends😍!
Always Yours, Kateryna 💛
Trade active
We are near our last target! 😍 After it, we can expect some rise - a retest of the neckline is possible😉
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.