$BTC
Right now, BTC is showing short-term bearish behavior, but long-term bullish potential—classic market shakeout stuff.
Here’s the vibe:
Bearish Signs (Short-Term):
That double top you mentioned is a clear reversal signal.
The recent 7%+ drop shows a liquidity grab or stop hunt.
It’s trading below key support levels, which could trigger more downside if buyers don’t step in soon.
Bullish Signals (Big Picture):
The retracement might just be Smart Money collecting liquidity before the next leg up.
BTC already had a strong run to $74K+; a pullback was expected.
If it holds above $70K and consolidates well, it could form a strong base for a push toward $80K+ and even that $100K+ target everyone’s watching.
So in short:
Short-term: Caution.
Long-term: Still bullish if structure holds.