BTC / USDT - Bearish Signals at 4H Timeframe

BTC / USDT - Bearish Signals at 4H Timeframe

Technical Analysis:

1. Double Top Break and Retest: price is showing signs of weakness with a break below the double top neckline followed by a retest, suggesting potential bearish pressure.
   
2. VWAP Break: The VWAP (Volume Weighted Average Price) has been breached, indicating a shift in market sentiment and potentially favoring the bears.
   
3. Bearish Divergence: A bearish divergence is observed, adding to the indications of potential downside movement.
   

Weakness Confirmation:

• If the price fails to hold the critical level at $41,666, it could trigger further downside movement.
  

Target:

1. The initial target is set at the 200 moving average (MA), acting as potential support in a bearish scenario.
   

Risk Management:
Consider implementing risk management strategies, including stop-loss orders, to protect against adverse market movements.