BTC 12-Hour Structural Market Analysis:

Important resistance level in the purple rectangle at 108060, pay attention to the downturn

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Wide trend channel.

If the highs do not continue, we look for a pullback, still paying attention to the weekend lows. The harmonic pattern shows a bearish completion of the first take profit level, with the next position around 88777 USD.

However, the current level of 95200 still has support, which is also the TP2 target for the current level.

In the context of the overall trend, if the double top is valid, the subsequent market will be very weak. From a structural perspective, this is a weak trend, as this is currently only a static chart analysis.