The second attempt by BTC to move upward and challenge the 64,722 resistance also failed—so could a double-top form at 64,722? As indicated by the yellow arrow above, it’s highly unlikely. For a double-top to form, it first needs to break below the small consolidation range above. Only after that small consolidation range is broken and a new low is made, and a structural break occurs, will a double-top pattern be formed. The appearance of a double-top pattern does not necessarily mean an immediate decline—you have to wait for the structural break; only then might it see a wave of pullback.