BTCUSD Double Top Reversal and FVG Retracement

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BTCUSD Double Top Reversal and FVG RetracementBitcoin / U.S. dollarBITSTAMP:BTCUSDLUCIFER_EARNING_CLUBMarket Structure: BTC has displayed a significant Double Top at the upper resistance zone (yellow area), signaling a potential trend reversal. The subsequent move decisively broke below the key bullish trendline (purple line), confirming the shift to a bearish market structure. ​Key Observations: ​Reversal Confirmed: The double top pattern has played out with a sharp decline. ​FVG Fill: Price has fallen into the area of the previously formed Fair Value Gap (FVG), which may now be acting as a temporary support or a zone where the market rebalanced before the drop. ​Current Action: The market is currently undergoing a relief rally or retracement (the 'V' shape bounce). ​Future Projection: I anticipate this retracement will target the immediate Resistance zones marked on the chart. These zones are high-probability areas for sellers to step back in. ​Trading Idea: Looking for short opportunities (sells) as price approaches the marked resistance levels, anticipating a continuation of the overall bearish move established by the double top pattern.