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)*
