BTCUSDT is trading around 84,100 USDT after failing twice to break the 86,500โ87,000 zone, forming a clear Double Top structure on the H4 timeframe. The price has now retraced into the 83,500โ85,500 "Sell Zone," indicating that bullish momentum is stalling following the strong rally.
If BTC attempts a rebound but fails to reclaim the 85,500โ86,000 level, I lean towards a scenario where the price breaks below the EMA34 (around 83,300) and subsequently corrects to the 81,500โ82,000 range.
Should selling pressure intensify, the primary target on the chart lies around 79,500 USDTโnear the EMA89 and the previous breakout area.
It is worth noting that the macro trend remains bullish; therefore, this setup points more towards a post-rally correction than a full trend reversal. The bears will only gain a decisive advantage if the 83K level is clearly broken.
