$BTC SIGNAL ALERT 🟢🔴✨️✨️✨️
🚨Major Rejection Zone & Detected Pattern 👇
$BTC has just significantly rejected from the level 94.904, retreating after a strong rise. It is now heading towards a crucial support zone around 91.600, which acts as the neckline for a potential Double Top formation (M pattern). This level is critical because if $BTC breaks and closes below 91.600 on the 1-hour chart with a noticeable increase in volume, it would confirm a bearish reversal pattern.
A confirmed M pattern signals that the bullish momentum is waning, and sellers are gaining control. If this neckline fails to hold, we could see a sharp decline towards the next support areas at 90.620 and possibly 89.000. The ideal confirmation for this pattern would be a clean 1-hour candle close below 91.600 with supporting selling volumes.