On the BTC/USDT chart, we see a classic manipulation scenario
2024-12-06

On the BTC/USDT chart, we see a classic manipulation scenario that perfectly illustrates the actions of major market players. Here’s what happened:
	 1.	Manipulation and False Breakout 
In the weak resistance zone, a manipulation occurred: the price “spiked” above the level, grabbing liquidity and triggering stop-losses of traders holding short positions. This is a textbook “fakeout” often exploited by market makers.
	 2.	Impulse Drop 
After the liquidity grab, the price sharply dropped, breaking through several weak resistance zones. This kind of move often induces panic among buyers, triggering stop-losses and causing a cascading sell-off.
	 3.	Retest of the Broken Level 
Classic technical analysis in action: after the breakout, the price returned to retest the level that previously acted as support but has now turned into resistance. This zone serves as a great confirmation of the trend’s strength.
	 4.	Weak Support Zone 
The price found temporary equilibrium in the weak support zone. Here, the next steps are likely: either consolidation and a bounce attempt or a continuation of the downtrend.
	 5.	Indicators Speak for Themselves 
	•	Midas Multi Indicator highlights the bearish trend, with dynamic resistance levels putting pressure on the price.
	•	Momentum shows increased bearish dynamics, with oversold conditions that could play a role soon.

 Conclusion: 
 The market is currently in a zone of uncertainty, but the key resistance and support levels are clearly defined. Watch how the price reacts to these levels and monitor volume — they will reveal who takes control next: the bulls or the bears. 🐂🐻