Pick BTCUSD that have an double bottom pattern

Bitcoin has formed a double bottom pattern, which is a bullish technical pattern indicating a potential trend reversal. This pattern suggests that after a downward trend, Bitcoin has found a support level and is likely to rebound. 1. **Double Bottom Pattern Formation**: - Bitcoin has been in a downward parallel channel since March and appeared to be bottoming out. - The double bottom pattern was completed, but Bitcoin failed to break the $66,000 resistance. - This indicates a bearish sentiment in the market despite the bullish pattern. 2. **Market Sentiment and Trading Metrics**: - The market sentiment is bearish, with a recorded 39 points. - The long/short ratio is 0.98%, indicating more traders are leaning towards short trades. - MACD and RSI are showing new buyer entering the market, with MACD histogram filling up with green and RSI rising. - In the last 24 hours, 65,095 traders were liquidated, and over $182 million in trades vanished. 3. **Potential for Price Spike**: Despite the bearish sentiment, there is a possibility of a price spike due to the presence of liquidity. 4. **Historical Pattern Analysis**: Historically, double bottom patterns have been used to identify potential reversals. They occur when an investment bottoms out twice at a similar price level, giving investors a second chance to buy the dip. 5. **Recent Price Movement**: Bitcoin has spiked higher, forming a double bottom pattern, which has been followed by a rise of almost 4%. In conclusion, Bitcoin's double bottom pattern suggests a potential reversal, and traders should monitor for a potential upward movement. However, the current bearish sentiment and market conditions should be considered when making trading decisions.