📉 Market Recap:
As predicted regarding the selling pressure during the "Pivot" phase, BTC yesterday failed to reach the best entry limit (90,600) and was pushed down by the Bears around 90,200 (Psychological area).
After that, the price reacted strongly around 88,900, confirming that the short-term downtrend structure is still being tightly controlled by the Sellers.
🤔 Current Situation ~ 89,700:
BTC is trading around 89,700, which is the "midpoint" (Equilibrium) between the peak of 90,200 and the bottom of 88,900 just created.
👉 Million-dollar question: Should we cancel the limit order at 90.700 to Short this price immediately?
🔍 Technical Perspective & SMC (In-depth Analysis):
New Liquidity Pool:
The price reaching a short-term peak at 90.200 inadvertently turns this area into an Inducement (Trap Zone) for new traders. Many traders who play Breakout or Short early will place their stop losses right above 90.200.
=> Consequence: The liquidity zone at 90.600 - 90.800 (EMA89 + old OB block) has now become even more "appealing" for Market Makers. A spike through 90.200 up to 90.700 will wipe out both layers of stop losses before the real drop.
Risk Zone "Midpoint" 89.700:
Shorting here is a 50/50 position. The stop loss must be placed above 90.200 (500 price), but if it gets swept up to 90.700, it will be extremely "painful". R:R at this point is not as attractive as the waiting position.
🎯 Action Plan:
Scenario 1 (Priority): PATIENCE IS GOLD.
Continue to hold limit orders or watch for prices in the range of 90.600 - 90.800.
Mindset: The market often tends to retest strong supply zones or sweep old liquidity highs (90.200) to gather momentum for a deep drop. Don’t regret if the price continues to run; regret if you lose money for entering at the wrong point.
Scenario 2:
If the H1 candle closes decisively below 88.900 (breaking yesterday’s low).
=> Only then can we look for a light retracement (Retest) to Short back to 86.000.
💡 Conclusion: "The drop from 90.200 to 88.900 is just the prelude. Don't let the market trick you into entering trades in the whipsaw zone of 89.700. Either catch it at the peak (90.7k), or trade when it breaks the bottom (88.9k)."
Are the "Bear" team members still holding their limit orders or have they jumped ship? Comment your entry points below! 👇
