$BTC has lost its bullish structure on H1, but correctly identifying a downtrend doesn’t mean that every place is advantageous for a Short
After a bearish CHoCH below 84.135,9, two continuation selling candles had volumes of 1,95× and 2,70× the average of the previous 20 candles, while the latest close at 81.915,8 remains below the former base at 82.594,8
According to Wyckoff, the 84.135,9–84.875,2 zone could be a distribution area ahead of the developing decline; according to SMC, the imbalances above remain unfilled, indicating that the structure has not recovered.
The heatmap shows estimated liquidity at 83.600–83.800 above and 81.100–81.300 below, but price has just touched the demand zone at 81.411,6–81.623,0, making Short sellers who chase the move vulnerable to a countertrend bounce before the bearish thesis is confirmed.
Bearish bias — no entry yet: will the next rebound fail below the lost structure zone, or will demand be strong enough to force sellers to reassess their advantage?
After a bearish CHoCH below 84.135,9, two continuation selling candles had volumes of 1,95× and 2,70× the average of the previous 20 candles, while the latest close at 81.915,8 remains below the former base at 82.594,8
According to Wyckoff, the 84.135,9–84.875,2 zone could be a distribution area ahead of the developing decline; according to SMC, the imbalances above remain unfilled, indicating that the structure has not recovered.
The heatmap shows estimated liquidity at 83.600–83.800 above and 81.100–81.300 below, but price has just touched the demand zone at 81.411,6–81.623,0, making Short sellers who chase the move vulnerable to a countertrend bounce before the bearish thesis is confirmed.
Bearish bias — no entry yet: will the next rebound fail below the lost structure zone, or will demand be strong enough to force sellers to reassess their advantage?