Bitcoin is showing a Double Top reversal pattern on the 4H chart, suggesting potential bearish momentum. Price action has rejected resistance around $109,000 and is now testing neckline support.
🔹 Technical Analysis:
⚠️ Double Top pattern with neckline near $106,000
📉 Break below neckline would confirm bearish reversal
🎯 Target zone projected near $100,300 based on pattern height
🛑 Stop Loss placed above $109,000 resistance zone
🔹 Fundamental Insight:
🏦 Market cautious amid potential Fed rate hold and stronger USD
🌐 Risk-off sentiment pressuring crypto markets
📊 On-chain activity shows cooling momentum post recent rally
📌 Trade Idea: Sell below neckline confirmation, targeting $100,293 with stop above recent highs. High-probability setup for short-term swing traders.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Technical Analysis:
⚠️ Double Top pattern with neckline near $106,000
📉 Break below neckline would confirm bearish reversal
🎯 Target zone projected near $100,300 based on pattern height
🛑 Stop Loss placed above $109,000 resistance zone
🔹 Fundamental Insight:
🏦 Market cautious amid potential Fed rate hold and stronger USD
🌐 Risk-off sentiment pressuring crypto markets
📊 On-chain activity shows cooling momentum post recent rally
📌 Trade Idea: Sell below neckline confirmation, targeting $100,293 with stop above recent highs. High-probability setup for short-term swing traders.
Note : If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
Trade active
sell active from $1,06,600 Trade closed manually
After Achieved 200+ Pips Profit Btc Again At Entry Point Trade 
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For More Help
Telegram @Gold_Trust_Deals
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Our Channel
t.me/+rTQmlGBcbsk1YjI0
Telegram @Gold_Trust_Deals
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+rTQmlGBcbsk1YjI0
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.