โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
Bitcoin shows potential double top pattern formation at key resistance levels around $108K, with increased profit-taking activity hitting $2.46 billion. Technical analysis reveals critical support at $106K neckline with CME gaps at $106K and fair value gaps providing downside targets. Hash ribbons indicate weakening network activity while SOPR signals suggest local top formation. Bulls must defend $104.4K weekly level to maintain bullish structure, with potential targets at $109K if breakdown fails. Watch this comprehensive analysis to understand the critical levels that will determine Bitcoin’s next major move in July 2025.
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00:00 Welcome & Market Overview – Four Hour and Daily Retests
00:58 Glassnode Analysis – Bitcoin Profit Taking Metrics
01:26 SOPR Indicator Analysis – Descending Trend Line Signals
03:01 Short Squeeze Context and Banana Zone Warning
04:33 Economic Calendar – Fed Chair and Employment Data This Week
04:55 Whale Movement Analysis – 7-10 Year Bitcoin Holders
06:26 Trump’s Bill Discussion and Bull Flag Pattern
08:39 Price Action Over News – Current Trading Approach
09:02 Aggregated Open Interest Development and Breakout Analysis
10:18 Four Hour Double Top Setup and Neckline Analysis
11:51 Support Levels – Anchor VWAP and Fair Value Gaps
13:48 CPR Analysis – July Pivot Levels and Volatility Expectations
15:45 Daily Timeframe Analysis – Range Top Rejection
17:10 Weekly Perspective – Bullish Candle and Key Support
18:38 Hash Ribbons Opening – Network Activity Decline
19:38 Double Top Technical Target Discussion
21:42 Order Book Analysis – Bid-Ask Ratio Thinning
24:48 Trading Strategy Summary – Short Term Bearish Bias
26:03 BloFin Trading Competition Promotion
โ ๏ธ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.
#Bitcoin #DoubleTop #BTC #CryptoAnalysis #TechnicalAnalysis
โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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