BTC/USDT (1D) – Potential Double Top Formation and Key levelsBITCOIN/TETHERUS PERPETUAL CONTRACTWEEX:BTCUSDT.PCryptoAcademyAETechnical Analysis & Chart Structure Looking at the daily chart for BTC/USDT on the perpetual contract, price action is currently showing signs of a potential structural shift. Following a strong upward rally, the market found significant resistance at the $82,000 level, establishing our first major peak (Top 1). After a healthy pullback to the identified Neckline zone around `$75,000, the price found support and is currently in the middle of a short-term relief bounce. Key Levels & Scenarios to Watch: 1. Minor Resistance Zone ( 78500 -79,000): The immediate area of interest where the price might face initial selling pressure during this relief rally. 1. Major Resistance & Double Top Confirmation (81,000 - 82,000): If the current bounce extends, we anticipate a retest of the previous highs. Formulating a second peak here (Top 2) would complete a textbook bearish Double Top pattern. 1. Downside Targets: • Rejection from the 78.5-79K zone could send price directly back to test the baseline support. • A clean rejection from the 81-82K structural resistance (Top 2) sets a broader bearish path targeting deeper liquidity pools down toward the mid-$70K region, as indicated by the primary projection paths. Trading Strategy & Risk Management • Bias: Looking for short execution triggers near the $78.5K–$79K or $81K–$82K zones upon bearish candle confirmation (e.g., shooting stars, bearish engulfing). • Invalidation: A daily close cleanly above `$83,000 invalidates the bearish double top thesis and opens up potential for price discovery. What are your thoughts on this daily structure? Are you looking for shorts at these resistance zones, or do you expect the bulls to break through? Let me know in the comments!