๐ Bitcoin (BTC) โ 1H Timeframe
Double Top (M Pattern) โ Bearish Signal Explained
On the 1-hour chart, Bitcoin is forming a Double Top (M pattern), which is a classic bearish market structure.
๐น Price pushed up twice to the same resistance area but failed both times.
๐น This shows that buyers are losing strength and cannot push price higher.
๐น After the second top, the market started to reject the upside, which is an early warning sign.
๐ The key level to watch is the neckline.
If the price breaks and closes below the neckline, it usually confirms the bearish move.
This pattern does not guarantee a drop, but it shows a high probability of downside when confirmed.
โ ๏ธ Always wait for confirmation and use proper risk management.
This analysis is shared only for educational purposes, not to force anyone into a trade.
๐ง Why Iโm Sharing This
I am not here to create hype or give false signals.
My goal is to help traders understand market structure and read charts logically.
๐ Learn the pattern โ wait for confirmation โ manage risk.
$BTC ๐ต
