Technical analysis by MyTradingJournal6th about Symbol BTC on 7/8/2025

The structure forming from June 27 to July 8 appears to be a diamond top, a reversal pattern often seen after uptrends.Price expanded (broadening left) and then started converging (right side) — classic diamond symmetry.It has developed right at the macro trendline resistance (~109.5K), increasing its reliability.Volume has declined during the right half of the diamond, which is consistent with pattern expectations.✅ Implications of Diamond PatternBearish Bias (Diamond Top):If price breaks below the lower boundary (~107.8K), it confirms the pattern → potential move to 104.5K–102.5K zone.Measured move ≈ height of pattern (109.8K–106K) ≈ 3.8K drop.Invalidation/Bullish Flip:Break and hold above 109.5K with volume would invalidate the bearish diamond.In that case, it flips into a squeeze breakout with upside to 110.8K–111.5K+.🎯 Conclusion:The diamond top, combined with macro resistance and declining volume, strengthens the bearish breakdown scenario.However, no confirmation yet — remain neutral to bearish unless either:✅ Clean breakout >109.5K🔻 Breakdown <107.8K with volume