#BTCBelow80K BTC/USDT 4H Chart Analysis

Bitcoin is currently trading around $78,970, showing a slight recovery after a sharp sell-off. A clear double top pattern has formed, indicating a potential bearish reversal which already played out with price dipping below the neckline.

Key observations:

• Downtrend confirmed: The chart shows a strong downtrend with a resistance level around $87,926, down by 11.41% from the recent high.

• Trendline resistance is intact, sloping down with a 9° angle, capping multiple rally attempts.

• Trend indicators across 50 and 100 bars show a strong bearish momentum, while 150 and 200 bar trends are starting to flatten out, signaling potential sideways movement or a slowdown in selling pressure.

• Support was found just below $77K, where BTC bounced, but it needs to break above $80K-$81K to invalidate the bearish structure.

Conclusion: The market remains in a corrective phase. Bulls need to reclaim $82K+ to shift sentiment. Otherwise, the broader trend favors the bears, especially with the double top and trendline resistance in play.