🔴 $BTC SHORT SETUP — BEARISH CONFLUENCE BUILDING
Current Price: $77,149
Two classic patterns aligning on the 4H chart right now:
1. Head & Shoulders
— Left shoulder formed on the way up
— Head peaked at $79,485
— Right shoulder currently forming at $77K zone
— Neckline sitting at $74-75K
2. Double Top
— Two clear rejections at the $79,400-79,500 zone
— “M” shape confirmed
— Same neckline target as H&S
Both patterns pointing to the same target — $70K zone
When two independent patterns confirm the same breakdown level, that’s not soemthing you should ignore.
Key levels to watch:
— Resistance: $79,500 (double top ceiling)
— Neckline break: $74-75K = confirmation
— Target on breakdown: $70K area
— Short invalidation: Clean break above $79,500
Not financial advice. Manage your risk. 🫡
#BTC #Bitcoin #CryptoAnalysis #HeadAndShoulders #DoubleTop #BinanceSquare
Current Price: $77,149
Two classic patterns aligning on the 4H chart right now:
1. Head & Shoulders
— Left shoulder formed on the way up
— Head peaked at $79,485
— Right shoulder currently forming at $77K zone
— Neckline sitting at $74-75K
2. Double Top
— Two clear rejections at the $79,400-79,500 zone
— “M” shape confirmed
— Same neckline target as H&S
Both patterns pointing to the same target — $70K zone
When two independent patterns confirm the same breakdown level, that’s not soemthing you should ignore.
Key levels to watch:
— Resistance: $79,500 (double top ceiling)
— Neckline break: $74-75K = confirmation
— Target on breakdown: $70K area
— Short invalidation: Clean break above $79,500
Not financial advice. Manage your risk. 🫡
#BTC #Bitcoin #CryptoAnalysis #HeadAndShoulders #DoubleTop #BinanceSquare