Bitcoin Losing Short-Term Structure After Double TopBitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisBTC Breaks Below Trend Structure Bitcoin has now broken below multiple levels of short-term structure after forming a potential double top beneath the recent $82,850 highs. The breakdown below the upward sloping trendline confirmed growing weakness across the chart. Selling Pressure Increasing The recent move lower has been accompanied by a noticeable increase in selling volume, while RSI has now slipped below the 50 level. That suggests short-term momentum has started shifting in favour of the bears. Key Support Region Being Tested BTC is currently attempting to stabilise around the $79,181 - $79,481 support region after finding a short-term bounce overnight. If this area fails, the next major adjacent support sits lower around $78,202 alongside the nearby 200-Period EMA. Medium-Term Trend Still Intact For Now Despite the short-term breakdown, the broader medium-term structure still technically remains intact while higher timeframe support levels continue holding. StochRSI is also attempting to cross back up from oversold territory, allowing bulls to attempt a recovery. In Summary Bitcoin has started losing short-term structure after forming a potential double top beneath the recent highs around $82,850. Price has now broken below the upward sloping trendline, while selling volume and bearish momentum continue increasing short-term. BTC is currently attempting to stabilise around the $79,181 - $79,481 support region, with further adjacent support lower near $78,202 and the nearby 200-Period EMA. Despite the weakness, the broader medium-term structure still technically remains intact while higher timeframe support levels continue holding for now.