BTC – DOUBLE TOP TARGET @ 53’128… RECOVERY ATTEMPT !

H4 : Double top formation in progress with a first
breakout of the trigger level @ 56’064.
Following this breakout, a downside acceleration took place
which triggered a move towards an intraday low so far @ 54’653.
Then, an usual and natural pullback attempt took place towards the DT trigger level
Current H4 closing level will give clues for the upcoming trading hours.
A failure to recover and hold sustainably above 56’064 would add further selling pressure
calling for a retest of former low ahead of the DT target.
A successful sustainable recovery above 56’064 would put the focus on 56’500 (former congestion
support zone ) ahead of 56’825.
MID BOLLINGER BAND @ 57’350 BEING THE KEY PIVOT LEVEL TO WATCH ON THIS TIME FRAME !
Watch H1 and M15 to get intermediate clues.
Ironman8848