Bitcoin Volatility: Timing Trumps Direction as Hawkish Remarks Combine with Double Top Pattern

A double top pattern combined with hawkish remarks from Wall Street led to volatility in Bitcoin. The cryptocurrency initially dipped, then surged. Timing is crucial in this situation, not direction.

Lao Jin's approach is simple: 'go with the trend and look for dips first.' This means shorting gradually when prices are high, aiming for lower targets. In the short term, a top gravestone doji on the 4-hour chart and bearish candles on the 1-hour chart indicate emerging bearish momentum.

Lao Jin recommends shorting Bitcoin between 78,000-78,500, targeting 77,000-76,500. Similarly, Ethereum should be shorted at 2,435-2,455, aiming for 2,400-2,385. It's essential not to chase excessive shorts.

However, there is a more conservative approach: wait for a breakout above previous highs before chasing longs. This may miss some profits but provides certainty. Looking back at 2026, Bitcoin had been dormant for a year. After such prolonged compression, the unleashed momentum is usually significant.