Technical analysis by Muhammad-Umar about Symbol BTC: Sell recommendation (4/15/2025)

📅 Date: 16/04/2025🕑 Time: 02:18 AM💰 Current Price: 84,001 USDTTrade Idea:Pattern Identified: Double TopAction: Sell at current price (84,001)Target Price: 80,800Stop Loss: 86,680Risk/Reward Ratio: Approx. 1:1.2Bias: Bearish — anticipating a rejection from resistance and a breakdown toward neckline support.Double Top Pattern Summary:The double top is a classic bearish reversal pattern that forms after an extended uptrend. It is characterized by two consecutive peaks at approximately the same level, separated by a moderate trough.First Peak: The price rallies and then pulls back to a support level called the neckline.Second Peak: The price climbs again but fails to break the first high, forming the second top.Confirmation: A break below the neckline often signals a potential downside move.Disclaimer: This trade idea is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Please conduct your own research or consult a licensed financial advisor before making investment decisions.