BTC/USDT Perpetual – Looking for a Potential Double-Top & Pullba
From the 4H chart, BTC sits between a demand zone (red box) and a supply zone (green box). Here’s how I see the price action playing out:
Short-Term Bounce: We could see a small relief rally from the current support (red zone) back up toward the green zone, where sellers previously stepped in.
Double-Top Setup: If price meets resistance again within that green zone and fails to break through, it may form a double top or a lower high, increasing the likelihood of a deeper drop.
Deeper Pullback: A decisive rejection from the green box could send price below the red zone, targeting lower support levels around 76.5k–78k.
As always, proper risk management is crucial—look for clear confirmations (price action signals, volume, etc.) before committing to a trade. This is not financial advice—just my personal view on how BTC might unfold in the coming days. Stay safe and happy trading!
Short-Term Bounce: We could see a small relief rally from the current support (red zone) back up toward the green zone, where sellers previously stepped in.
Double-Top Setup: If price meets resistance again within that green zone and fails to break through, it may form a double top or a lower high, increasing the likelihood of a deeper drop.
Deeper Pullback: A decisive rejection from the green box could send price below the red zone, targeting lower support levels around 76.5k–78k.
As always, proper risk management is crucial—look for clear confirmations (price action signals, volume, etc.) before committing to a trade. This is not financial advice—just my personal view on how BTC might unfold in the coming days. Stay safe and happy trading!
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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.
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.