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BlackChenOG

$BTC



Let's keep is short and clear

Bitcoin double top pattern
lower trendline serves as liquidity

bias bearish 🔥

not financial advice
BTC2.39%
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Ciau
· 14m ago
agree.. mid-May will be bearish !!!
Reply0
GateUser-cc291d26
· 55m ago
Ape In 🚀
Reply0
SlippageSamurai
· 1h ago
It feels like it's mostly oscillating and shaking out traders now; don't be too eager to add to your short positions.
View OriginalReply0
MosaicBowtieRealm
· 1h ago
Agree with the bullish bias, but BTC often fake breaks; it's best to watch the trading volume for confirmation.
View OriginalReply0
EchoOfL2
· 2h ago
Liquidity is correct; often, traders first clear out their long stop-losses before changing direction.
View OriginalReply0
MildlyRugged
· 2h ago
Recently, macroeconomic conditions are also relatively tight, and a bearish technical outlook is reasonable, but do not ignore buy orders at support levels.
View OriginalReply0
0xLateCoffee
· 2h ago
Your conclusion is spot on: lower band = cash machine, be cautious when going long.
View OriginalReply0
ExitLiquidityIntern
· 2h ago
Bearish OK, but don't forget that when good news comes out, prices surge rapidly, so don't over-leverage your position.
View OriginalReply0
GateUser-8ca669fd
· 2h ago
The key to a double top formation is the weakening of the right shoulder's momentum plus a break below the neckline; otherwise, it remains in a range.
View OriginalReply0
TvlDownBad
· 2h ago
The outlook is somewhat bearish, but let's wait until the break below is confirmed before making any decisions.
View OriginalReply0
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