Bitcoin hit a local high of $97,732 but quickly reversed with a sharp rejection, forming a strong upper wick and red 1H candle. Signs of exhaustion are surfacing as $BTC BTC consolidates below $96,500, hinting at a potential double top.
Trade Setup:
Short Entry: $96,600–$96,900
Targets: $95,000 / $93,800
Stop Loss: $97,750
Outlook:
Bearish engulfing patterns and resistance at $97,700 suggest short-term downside risk. A break below $96,000 could accelerate the move. Stay sharp — higher timeframe bulls are still in play, so manage risk accordingly.
Command: The top is cracking — trade smart, exit richer.
#CryptoTrading #Bitcoin #BTCUSDT #TechnicalAnalysis #BearishSetup
Trade $BTC now on Binance!
