BTC Update: Scenario 2 Activated ✅ - The "Withdrawal" 87k7 Is a Trap or an Opportunity?
📉 Market Recap (News Highlights):
Congratulations to everyone for being patient! The short scenario at the peak of 90.6k did not trigger, but Scenario 2 has officially activated.
BTC could not maintain the level of 88,900, sharply dropped to 87,700, and is currently having a slight upward reaction to the 88,200 range.
🤔 What's Happening? (Analysis):
Why is there a withdrawal at 87,700?
This is a natural reaction at the first Swing Low zone (the most recent low). According to SMC principles: "The first touch often bounces, but cannot hold the price for long." The bottom hunters (Aggressive Buyers) are trying to support the price here, creating a technical bounce.
Market Structure:
The drop below 88,900 has created a new Lower Low. The bearish structure on M15/H1 has been firmly established. The old support zone of 88,900 - 89,200 has now become a Breaker Block (new resistance).
🎯 Next Trading Plan (Next Move):
🛑 Absolutely DO NOT FOMO Short at 88,200!
Shorting here is shorting right at the bottom (chasing price), R:R is very poor and it's easy to get caught in a higher bounce.
✅ "Hunting" Strategy:
We will wait for a bounce (Retest) to enter a trade in the direction of the trend.
Entry Zone (Sell Zone): 88,900 - 89,300.
Reason: This is the confluence of the Breaker Block (support that has been broken to become resistance) + Fibo 0.5/0.618 of the recent drop.
Confirmation signal: Wait for M15/M5 candles to create a Pinbar or Red Engulfing at this zone.
Stoploss (SL): 89,800 (Above the noise zone between the two EMA lines).
Target (TP):
TP1: 87,700 (The low just created).
TP2: 86,000 (Ultimate target - Clean out large bottom liquidity).
