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$BTC Looking at the 15-minute time frame of Bitcoin, we observe that the price action is forming a double top pattern close to the resistance zone. Here, it is important to understand the psychology of the market as this formation often indicates a reversal. A support trendline is also forming from the bottom, which is supporting the price so far. If this trendline is breached, it will confirm that the market is in bearish sentiment. In such a situation, traders who rely on technical analysis can wait for the retest. If the support which earlier acted as resistance is confirmed after the retest, then it could be an opportunity for them to enter a short trade position so that the price can capture further downside potential.
POSITION MENTION THE CHART 👇
BLUE ENTER 🔵 // BLACK TP ⚫

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