$BTC Potential reversal incoming.

There are currently two extremely important levels for bulls.

The first level is the support / neckline of the double top at 65.5k. This is also the level I consider least likely to hold, and I personally expect price to break below it.

If price does break below it, we will likely revisit the zone between 64.2k and 64.4k.

In my view, this is the most important area on the chart right now. It matters not only from a LTF perspective but also within the broader market structure.

If we lose this level, this rally has failed in my opinion and will likely be fully retraced, leading to another sweep of the bear market lows.