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536
🚨There's also a second "double top" pattern❗️BEARISH (60%):❗️
BTC has formed a dangerous pattern - a double top
First top: ~$126,195 (July-September 2024)
Second top: ~$128,017 (October-November 2024)
Neckline: ~$104,000-105,000
Current price: ~$104,289 (neckline test)
POSSIBLE SCENARIOS:
Break below $104,000 → increased selling, target $80,000-83,000
Bounce from $104,000 → corrective recovery to $109 000–115,000
536
#BTC
Bitcoin (BTC/USD) is forming a descending wedge, which is a bullish reversal pattern.
Order books show a moderate buying advantage and a strong support zone at $95,000–$96,000.
A breakout above $107,000–$108,000 could lead to a rally to $115,000–$120,000.
The overall market bias is moderately bullish (≈65–70%), but short-term liquidity gathering is possible before a rally.
536
📌At 6:00 PM Moscow time, the US Supreme Court began hearing the case challenging the legality of Trump's tariffs.
According to CNBC, the justices are "skeptical" that Trump's tariffs are legal.
Trump says today's case is a "matter of life and death" for the US.
VERDICT: The Supreme Court will likely strike a blow against Trump. Prepare for a short-term correction in cryptocurrency and a stock market rally. But beware—surprises from the court are a powerful driver of momentum and cannot be ignored.
536
Sentiment Index: 23, Extreme Fear;
Bitcoin Dominance: 60.65%;
Market Cap: $3.35 trillion;
SP 500: $6,779
Gold (XAU/USD): $3,971
536
Tuesday will open at $103,000. If the price doesn't return above $105,000-$106,000, it's unlikely we'll see a rise from $103,000-$104,000, but it's worth keeping an eye on. If the bulls manage to return the daily bar above the $105,000-$106,000 low today, there's a chance of a rebound.
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