BTC/USDT 1H: Bearish Rejection – Accumulation in Play !!BTC/USDT 1H: Bearish Rejection – Accumulation in Play, Await Reversal Confirmation?
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Current Market Structure:
Price at $94,189, showing bearish momentum after rejection from $98.8K.
Market structure remains bearish following a break of the previous swing low at $95.2K.
Hidden bearish divergence on RSI is evident, with RSI making lower highs while price holds equal highs.
Market Maker Activity:
Smart Money appears to be accumulating at these levels based on volume profile.
Accumulation suggests potential for a reversal if key support at $93.2K holds.
Trade Setup (Confidence 8/10):
Entry: $94,200 - $94,400 zone.
Targets:
T1: $96,400 (previous support)
T2: $98,200 (supply zone)
Stop Loss: $93,200 (below recent swing low).
Risk Score: 7/10 – Moderate risk, considering weekend volatility.
Recommendation:
Wait for reversal confirmation with a 1H close above $94.8K before entering long positions.
Maintain tight stops and scale in entries as the setup offers an attractive risk/reward provided $93.2K support holds.
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