Short

BTC/USDT 1H: Bearish Structure – Targeting Lower Levels?

BTC/USDT 1H: Analysis
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Currect Market structure:

Price: $96,034, breaking below recent range support, signaling a short-term bearish trend.
RSI: Showing potential hidden bearish divergence at 40.85.
Smart Money Concepts: Indicating a distribution phase with lower highs.

Trade Setup:

Position: Short
Entry Zone: $96,800 - $97,000 (premium zone).
Targets:
T1: $95,500
T2: $94,200
Stop Loss: Above $97,600 (recent high).

Risk Score: 7/10

Reasoning: The risk-to-reward is favorable, but the price could still show some choppy action before confirming further downside.

Market Maker Analysis:

Accumulation: Seen around the $94,000 - $93,000 zone.
Current Phase: Distribution phase suggests more downside is likely after the current consolidation.
Price Action: Expect choppy movement between $95,500 and $97,000.

Key Levels:

Resistance: $97,000, $98,500
Support: $95,500, $94,000
Fair Value Gap: $95,800 - $96,200

Recommendation:

Position: Short positions are favorable after a rejection at resistance levels.
Confirmation: Wait for rejection at the $97,000 level before entering the short.
Action: Structure suggests downside after the current consolidation phase, so prepare for more bearish momentum.

Confidence Level: 7.5/10 – D

istribution phase visible, but waiting for confirmation at resistance.

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Cryptokijker

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