BTCUSD – Bearish Trend ?

[johnblockbuster]

Hello traders! Let’s take a closer look at BTCUSD !

Recently, we’re seeing clear signs of a potential reversal after BTCUSD formed a double top pattern, and the EMA 34 and EMA 89 have crossed each other.

Breaking the support level around the previous key zone has strengthened the bearish momentum, potentially triggering a further decline towards the next support level near 103,500 USD.

However, I’m also watching for possible reversal signals at these support levels. If BTCUSD holds above 103,500 USD and forms a higher low, we may see the bulls make a comeback.

Key Levels to Watch:

Resistance: 114,000 USD
Support: 103,500 USD
EMA Crossover: Strong Bearish Signal

Stay alert and be ready for potential market shifts! Will the bulls step in at 103,500 USD? Or will the bears continue to dominate?
Let me know your thoughts and happy trading!

[Nahid10]

Solid breakdown! The double top plus EMA 34/89 crossover makes the bearish momentum very convincing. If 103,500 fails to hold, I agree we could see another leg down quickly. Definitely watching that level closely — bears are in control for now.

[Maxwell]

Nice breakdown The EMA 34/89 cross really does add weight to the bearish case. Watching closely how price reacts at 103.5K — could be the make-or-break zone for bulls.

[Nahiar806]

Great charting! Double top + support break fits the narrative, but I like how you also left room for a bullish scenario if 103.5K holds. Balanced perspective is key.

[rafihasan]

This is where patience pays off. If bears push through 103.5K, next leg down seems likely… but a strong bounce here could trap a lot of shorts. High-volatility zone ahead!

[Dave]

Really appreciate the detailed breakdown. The EMA crossover definitely adds weight to the bearish case, but that 103,500 support looks like a make-or-break level. Watching closely to see if bulls defend it.

[Jibon_RX]

Solid analysis. The double top formation is hard to ignore, but crypto often surprises at key supports. I’ll be looking for that higher low as a possible early signal of strength.

[Dave]

Perspective is everything. If banks can push $312B in dirty money through without headlines, maybe it’s time to stop blaming crypto and start fixing the fiat system first.

[jacson4]

Nice analysis! While the EMA crossover is bearish, I think 103,500 could still act as a strong support zone. If bulls defend it and we get a higher low, this might set up a solid bounce toward 114K again. Key area to watch for a potential reversal!