BTC/USDT 1H: Bearish Structure – Targeting Lower Levels?

BTC/USDT 1H: Analysis
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Currect Market structure:

• Price: $96,034, breaking below recent range support, signaling a short-term bearish trend.
  
• RSI: Showing potential hidden bearish divergence at 40.85.
  
• Smart Money Concepts: Indicating a distribution phase with lower highs.
  

Trade Setup:

• Position: Short
  
• Entry Zone: $96,800 - $97,000 (premium zone).
  
• Targets:
  
• T1: $95,500
  
• T2: $94,200
  
• Stop Loss: Above $97,600 (recent high).
  

Risk Score: 7/10

• Reasoning: The risk-to-reward is favorable, but the price could still show some choppy action before confirming further downside.
  

Market Maker Analysis:

• Accumulation: Seen around the $94,000 - $93,000 zone.
  
• Current Phase: Distribution phase suggests more downside is likely after the current consolidation.
  
• Price Action: Expect choppy movement between $95,500 and $97,000.
  

Key Levels:

• Resistance: $97,000, $98,500
  
• Support: $95,500, $94,000
  
• Fair Value Gap: $95,800 - $96,200
  

Recommendation:

• Position: Short positions are favorable after a rejection at resistance levels.
  
• Confirmation: Wait for rejection at the $97,000 level before entering the short.
  
• Action: Structure suggests downside after the current consolidation phase, so prepare for more bearish momentum.
  

Confidence Level: 7.5/10 – D

• istribution phase visible, but waiting for confirmation at resistance.
  

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