Bitcoin is testing a clear liquidity area between 107K–110K for the second time, with a formation of a double top near an upward trend (liquidity trendline).
🟠 Important Notes:
The price has swept the previous peak without a real breakout. Liquidity has been captured.
The RSI indicator shows negative Divergence (the price is rising, but the relative strength is weakening).
The current candles suggest weakness in buying momentum at these levels.
📉 What does this mean?
The market shows smart money distribution behavior.
Without a real breakout and stability above 110K, the chance of a correction towards 91K (support and EMA 50) remains.
⛔️ Confirmation of a break below 100K is required to activate this scenario, but if we stay above, we are in a positive stance.
🛡 Note: Do your own research. This is not investment advice.
