$BTC
Bitcoin just triggered a classic Double Top on the 1-hour chart — and it’s not looking good for the bulls right now.
The neckline at $80,600 has been broken, confirming a bearish reversal may be in play short term.
Here’s What’s Happening:
Double Top = Classic sign of trend reversal
Neckline broken = Structure shift confirmed
$80,600 is now resistance instead of support
DEMA also lining up at $80,600 — adds more rejection risk
What’s the Move?
Wait for a retest of $80,600
If price gets rejected cleanly = perfect low-risk short entry
Target Zone: $78,000 to $77,000 depending on volume/momentum
Before You Enter, Watch For:
Weak candles or wicks near $80.6K
Drop in buying volume
Rejection with bearish confirmation (like an engulfing candle)
