$BTC up nearly 140% from its March lows, but it’s flashing clear warning signs for bulls:
• Overextended rally: Price surged from $0.62 to $1.55 without major correction – this level is showing strong resistance.
• Bearish divergence forming on higher timeframes – momentum is slowing even as price tries to push up.
• Volume is dropping while price rises – classic distribution phase.
• Order book flipping red – more sell pressure creeping in (52% sellers vs 47% buyers).
• Risk of double top at $1.55 – a rejection here could send it back to support at $1.35 or lower.