January 26, 2026

Possible double top at 42 or 45k

Possible double top at 42 or 45k

Possible double top at 42 or 45k

Possible double top at 42 or 45k

Bitcoin / TetherUS BINANCE:BTCUSDT
Boy_fx


Possible double top at 42 or 45k

So the general market structure of BTC is a descending channel but in the 4hr and 1hr time frames, btc has been ranging but it finally broke to the upside and formed a descending channel (yellows lines) in the lower time frames and it broke out of the trendline and it’s heading to the upside(42k)which a double top could form( short bias) and if it breaks out of that 42k then it could possible Range between 42k-45k and head back down but I don’t believe it will hit 45k and head lower(possibly 36k-33k)but as we know no emotions attached in analysis. *Key point: btc to 42k= double top formed, it breakouts then ranges and possibly goes up to 45k(also double could form here)*

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