reported that CoinDesk's token and data team co-head Shaurya Malwa wrote that Bitcoin's price recovery has entered a bearish Double Top pattern at $87,000, increasing the risk of another potential decline. If the price decisively breaks below the support level between the two peaks (known as the neckline), it could lead to a short-term price drop to $75,000 or lower, though the long-term trend remains in an upward range. Analysts believe traders responded positively to the Federal Reserve's dovish stance on inflation and cooling concerns about upcoming U.S. tariffs, which supported Bitcoin's rise over the past week. However, Altcoins' recent price movement lacks correlation with Bitcoin, suggesting the current price trend may lack broad market support and increasing the possibility of a "false breakout" rebound. (CoinDesk)