$BTC 4H

We see the development of a bearish impulse and the formation of a double top with a transition. Apparently, the divergence on the daily timeframe has begun to work out (I will attach a screenshot below).

This is the third time we are trying to complete EMA-100 4h and I think this time we will be able to do it. When EMA-100 4h is broken, the nearest downside targets will be the gap (39640) and EMA-200 4h (39060). Also, BTC is about to record a bearish intersection of EMA-20 4h and EMA-50 4h, which will be an additional wake-up call for those who are long.

I don’t think that this is a trend reversal, but rather a long-awaited correction, after which it will be possible to open long positions on some altcoins. Now I recommend giving up longs, since there are no reasons for growth on the chart. And in the event of local pullbacks upward, you can try to open shorts with a small leverage.