1H Chart Analysis
⚠️ Bitcoin Forms Double Top – Neckline Broken!
Bitcoin has printed a textbook Double Top pattern on the 1-hour chart, and the neckline has officially been broken — confirming a potential bearish reversal in the short term.
---
🔍 Key Technical Signals
Double Top Completed: Classic reversal formation spotted
Neckline Breakout: Support at 80,600 has been breached
Trend Structure Shift: Short-term bullish structure has broken down
DEMA Resistance Aligns: 80,600 now acts as confluence resistance on retests
---
🎯 Trade Plan – Bearish Setup in Focus
Re-entry Opportunity: If BTC retests 80,600 and gets rejected cleanly, this will be the ideal low-risk short entry zone
Bearish Target: The downside move could stretch toward the 87,000–78,000 zone, depending on momentum and volume confirmation
---
📌 Confirmation Is Key
Don’t jump in blind. Watch for:
Weak price action near the neckline
Bearish candlestick patterns
Volume drop-off on retest
These will all reinforce the setup and boost confidence in a continuation move.
---
⚡ Bearish Setup ✅ But Trade with Discipline
This is a data-backed bearish pattern in action, but keep your stops tight and always let confirmation lead your decisions.
---
#BTCUSDT #Bitcoin #DoubleTop #BearishBreakout #CryptoSetup #TrendReversal #BinanceSquare #SmartTrading