THE ROUNDING TOP REVERSAL PATTERN
BTCUSDT
Perp
121,219
-0.61%
This is the classic technical signature of buying exhaustion. The setup on the $BTC 4 hour chart is a rounding top. This bearish reversal pattern is characterized by a gradual, curved decline in price after hitting a major peak. It signifies a slow loss of buying momentum and a methodical takeover by sellers.
This pattern often precedes a significant corrective move to the downside for the #BTC #SquareMentionsHeatwave $BTC
