BTCUSD: Short-Term Bearish Trend Takes HoldMARKET ANALYSIS
TREND
Bearish trend on both 1-hour and 5-minute charts, with lower highs and lower lows.
MARKET STRUCTURE
Bearish market structure on both timeframes, with significant breaks and lower lows.
LIQUIDITY ZONES
Key liquidity zones at 98,600 and 94,600 levels, attracting institutional interest.
PRICE ACTION
Bearish candlestick formations and resistance holding firm around 98,000 levels.
TRADE SETUP
SHORT POSITION
Consider shorting around 98,000 level:
ENTRY
Look for buy-side liquidity sweep and bearish confirmation.
STOPLOSS
Above recent swing high (around 98,500).
TAKE PROFIT
-Take Profit 1: 95,500.
-Take Profit 2: 94,700.
Invalidation: Price moves above 98,500 with sustained bullish candles.
Remember to wait for confirmation and avoid impulsive trades.
Enter trades at your own risk.