BTCUSD SELL PATARAN Resistance Zone (Red Box at ~$85,000)
The price has reached a strong resistance level.
A double-top pattern is forming, suggesting a potential reversal.
There is a rejection from the resistance zone, indicating selling pressure.
Support Levels (Blue Boxes at ~$83,000 & ~$81,500)
If the price breaks below the minor consolidation, it may test the first support level (~$83,000).
A further breakdown could push BTC towards the second support (~$81,500).
Trendline Support (~$79,000 - $80,000)
The red trendline suggests BTC may find stronger support around $79,000, aligning with a potential descending move.
Bearish Scenario (If resistance holds)
BTC fails to break above $85,000.
A reversal pattern (double top) leads to a breakdown to support levels.
A possible downward trend towards trendline support at ~$79,000.
Bullish Scenario (If resistance breaks)
If BTC breaks and holds above $85,000, we may see continuation towards $87,000 - $89,000.
Confirmation would require strong volume and a retest of resistance turning into support.
Conclusion:
Currently, the chart leans bearish unless BTC breaks above $85,000 convincingly.
Watch for support reactions and confirmation of a breakdown before shorting.
If BTC holds above $85,000, a bullish continuation is possibl
