#BTC At the moment, a “double top” pattern has formed for Bitcoin.
At the same time, the price is exactly below the midpoint of the diverging channel. The main goal is movement toward the lower boundary of the channel.
If we look at the CME, the main target is the gap fill 69,935–68,575. The 0.618 Fibonacci level is also there.
If you want to trade locally, I’ve marked the POC levels of structures from different timeframes—here pullbacks and sideways moves are possible.
But the priority still remains to the downside.😴☕
At the same time, the price is exactly below the midpoint of the diverging channel. The main goal is movement toward the lower boundary of the channel.
If we look at the CME, the main target is the gap fill 69,935–68,575. The 0.618 Fibonacci level is also there.
If you want to trade locally, I’ve marked the POC levels of structures from different timeframes—here pullbacks and sideways moves are possible.
But the priority still remains to the downside.😴☕
