BTC/USDT 1H: Bears Take Control – Targeting $102K Next! 
2025-02-01
Category: None

BTC/USDT 1H Chart Analysis
🚀 Follow me on TradingView if you respect our charts 📉

 Current Market Structure: 
 
 Price: $104,560, facing rejection at premium zone (106-107K).
 Bearish Bias: Failed breakout, with hidden bearish divergence on RSI (48.74).
 Smart Money Activity: Clear distribution pattern at premium, likely targeting PCL (Previous Consolidation Low).
 

 Trade Setup (Confidence 8/10): 
 
 Short Entry: Current price to $105K.
 Targets:
 T1: $103.2K (PCL).
 T2: $102K (Equilibrium Zone).
 Stop Loss: Above $106.2K (premium rejection).
 Risk Score: 7/10 (strong R:R setup).
 
 
 Market Maker Intent:
 Distribution Phase in Play, suggesting accumulation around $102K-$103K.
 
 Volume Profile & RSI Confirming the bearish move.
 Rejection from premium zone needs confirmation for ideal entry.
 
 
 Recommendation: 
 
 Short positions favorable from $104.5K-$105K.
 Wait for rejection confirmation before entering.
 Manage risk accordingly—position sizing is key.
 Confidence Level: 8/10 for bearish continuation.
 
📉 Follow me on TradingView if you respect our charts! 🚀