BTC/USDT 1H: Liquidity Grab Complete – Bears Targeting $94.8K!
2025-02-03
Category: None

BTC/USDT 1H Chart Analysis
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 Market Condition: 
 
 Price: $97,624, showing bearish momentum after breaking key support.
 RSI: Bearish divergence led to this drop.
 Market Makers Strategy: Engineered liquidity grab at $105K before pushing price down.
 Currently Testing Discount Zone, which may act as temporary support.
 
 Trade Setup (Confidence 8/10): 
 
 Wait for retest of $100K (previous support turned resistance).
 Short Entry: $99,800 - $100,200 zone.
 Targets:
 T1: $96,500.
 T2: $94,800.
 Stop Loss: $101,500 (above recent swing high).
 Risk Score: 7/10 (favorable risk-reward setup).
 
 Market Maker Analysis: 
 
 Liquidity grab engineered below recent lows.
 Expect choppy price action between  GETTEX:97K  - $100K before the next big move.
 Possible bear trap if price quickly reclaims $100K—watch for reversal signals.
 
 Recommendation: 
 
 Short positions favorable in the $99,800 - $100,200 range.
 Watch price reaction at $100K—if bulls reclaim, avoid overexposure to shorts.
 Manage risk properly as high volatility is expected.
 
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