BITCOIN: Double Top or Bull Flag? Critical $117K Support Test


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Bitcoin hovers near critical $117K support as traders debate whether this forms a double top pattern or potential bull flag breakout. Technical analysis reveals conflicting signals with hash ribbon buy signals emerging while large holder distributions spike post-signal. Watch for potential revenge rally to $125K resistance or breakdown below key support levels in this decisive moment.
00:00 Order Book Flip Analysis and Three Scenarios Update
01:59 Market News: Square Lightning, ETF Outflows, Corporate Adoption
06:49 CME Gap Analysis and Bitcoin Technical Status Updates
08:00 Hash Ribbon Buy Signal and Miner Capitulation Discussion
12:30 Daily Chart Analysis: Double Top vs Bull Flag Formation
18:31 Leverage Squeeze Signals and Long/Short Positioning
20:05 SOPR Indicator and Ethereum Drawdown Analysis
21:36 Miners Distribution Theory: 33K Coins Post Buy Signal
27:01 Order Book Analysis: Fire Charts and Market Monkey Data
31:16 Market Outlook: Bull Flag Breakout vs Scenario One
32:56 Trading Plan and Social Media Updates
#Bitcoin # BTC #TechnicalAnalysis # DobleTop #BullFlag
BTC0.76%
RLY-1.78%
ORDER-2.42%
FLIP-3.02%
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