🟠 Rounded or Double Top Forming?
(1D Chart Analysis – BINANCE)
Dear Traders,
As per the chart above, we are currently facing a critical structure formation on BTC – potentially a Rounded Top or Double Top, which could signal a mid-term trend reversal.
🔍 Key Observations:
🔸 Past "Rounded Top" patterns have already led to strong corrections before.
🔸 Now again, Bitcoin is forming a similar curved structure around the $107K resistance zone.
🔸 A short-term bounce might happen (blue arrow), but if price fails to break above $107K — it may reject sharply.
📉 Potential Downside:
If support at the neckline fails, BTC could drop as low as $91K (orange path).
That would confirm a Double Top pattern — a historically bearish signal.
🛡️ What You Should Do as a Spot Trader:
✅ Don’t panic — we are still in higher time-frame uptrend overall.
✅ Stay patient and avoid FOMO entries.
✅ If BTC dips to $91K support, it could be a very strong buy zone.
✅ Let the structure confirm — trade only with a plan.
💬 Summary:
We are at a decision point on the Bitcoin chart. If it breaks out above $107K — we may resume the bull run. But if it loses momentum here, a correction down to $91K is possible.
Stay calm. Stay informed.
Let the market come to you — don’t chase it.
— With you always,
Trisha Saha ❤️
#BinanceTGEXNY #BinanceAlphaAlert #MarketPullback #IsraelIranConflict #ScalpingStrategy