BTC’s double top has now played out in full. Two peaks near 116K, a clean retest at 113K, and a measured drop straight into the 106K-107K demand pocket. This is a textbook chain of events that shows how pattern recognition, key levels, and broader structure align when momentum flips.
👉 If you want the step by step playbook for spotting and trading these turns, revisit the double top module in our Trading Academy.
Breakdown Recap
- Two highs at 116K confirmed the double top outline
- Retest at 113K turned former support into resistance
- Follow through carried price to the 106K-107K demand zone
- Momentum cooled on arrival as short covering met fresh bids
This pocket often attracts a battle between covering shorts and new buyers, which is why price tends to slow here before the next decision.
Key Levels
- Resistance: 110K, then 113K
- Pivot zone: 106K-107K
- Lower demand: 105K, then 103.5K
Keep your map simple. One pivot, one resistance, one downside magnet.
Scenarios to Watch
🟢 Rebound path
- Hold 106K-107K
- Reclaim 110K on a strong close
- Rotation back toward 113K where trend intent will be tested again
🔴 Continuation path
- Lose 106K on expanding volume
- Momentum targets 105K first
- If liquidity thins, 103.5K becomes the next magnet
Tip for execution
- Let the hourly close confirm above 110K for rebound continuation
- Use failed retests of 106K as the signal that sellers still control the tape
Trader Psychology
This move is a live reminder that the best trades rarely rely on one idea. The edge came from the blend of the pattern, the 113K flip, and the pre-mapped demand pocket at 106K-107K. Pros plan the sequence, not the headline.
Lesson in Action
- Pattern identifies the potential reversal
- Support and resistance define the triggers
- Market structure gives you targets and invalidation
Good job if you followed this through from start to finish. These setups are repeatable when you let structure lead and wait for confirmation.
👉 Sharpen the sequence inside our Trading Academy and practice the same flows risk free in the Trading Simulator.
Bottom Line
We are at the decision zone.
- Above 110K and holding: rebound toward 113K comes into focus
- Below 106K on strength: 105K and 103.5K open up
Trade the confirmation, not the opinion. Map your invalidation, size with discipline, and let the levels do the talking.
