BTC/USDT 1H: Bearish Structure – Targeting Lower Levels?
2025-02-10
Category: None

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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