BTC/USDT 1H: Liquidity Grab Complete – Bears Targeting $94.8K!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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