4H view shows: • Clear distribution → breakdown → base • Sellers losing momentum • Buyers slowly stepping in at lows Not a clean trend yet — more like accumulation behavior.
$BTC
If this holds: Higher lows → continuation If not: Range grind continues Patience > chasing.
- This move looks like the first leg of a possible manipulation or breakout attempt, but right now, entering long at market price is risky due to the high chance of a pullback or bull trap. I expect price to pull back toward the 0.72097–0.70400 demand zone before making a sustained move higher. - If the price retraces into the 0.72097–0.70400 area and shows a bullish reversal signal (pin bar, strong engulfing, or lower timeframe liquidity sweep followed by a rally), a long entry can be considered. - Example trade setup: - Entry: Wait for price to dip into the 0.72097–0.70400 demand zone and show bullish confirmation (as described above). - Take Profit 1: 0.81539 (nearest resistance) - Take Profit 2: 0.91600 (major resistance above) - Take Profit 3: 0.94665 (most recent swing high, use only if momentum is very strong) - Stop-loss: Below the swing low that forms in the demand zone, or below 0.70400 if you want extra room. - If price breaks and holds above 0.81539 on strong volume, you could consider a trend-continuation entry, aiming for 0.91600 and 0.94665, but wait for confirmation with a break-and-retest or consolidation breakout. - My bias would turn bearish if price loses the 0.70400–0.72097 demand zone with strong momentum, especially if it closes below 0.70400. In that case, look for a move down to 0.62837 or even 0.52112.
📝 This is not investment advice, just an educational analysis. With such a sudden pump, patience is key! Wait for confirmation before entering any trades – don’t chase green candles.
$RAVE looks like it may be setting up for another big dump… this breakout could be nothing more than a trap for retail traders.
📉 $RAVE SHORT SETUP 📍 Short Entry: 2.4 – 2.2 🎯 Take Profit: 1.5 / 1.0 / 0.5 🛑 Stop Loss: 3.0
A lot of people are chasing longs here just because they see a breakout. But in my view, this move looks more like a liquidity hunt than real strength. The breakout likely triggered late traders and cleared out short sellers’ stop losses before the market shows its real direction.
The RAVE Reality Check 🚨 RAVE Surges 60x, but Who Owns the Supply? The $RAVE chart looks like a dream, but the on-chain data looks like a warning. While the token skyrocketed from $0.25 to $20.00 in just seven days, a massive red flag is waving: 90% of the supply is held by just 3 wallets. The Breakdown: 🔹Engineered Scarcity: With only 24% of tokens circulating, the price is easily manipulated. Insiders effectively control the liquidity tap. 🔹The Bitget Move: 18M tokens moved to an exchange right before the pump. Coincidence? Or an orchestrated short squeeze? 🔹The Valuation: At $20, the Fully Diluted Valuation (FDV) hit $20 Billion surpassing established projects like Avalanche ( $AVAX) despite having far less actual usage. 🔹The Verdict: RAVE has real-world utility in the music event space, but the current price is driven by Low Float mechanics, not organic demand. With the RSI at 99, a massive correction isn't just possible it's likely. Are you riding the 60x wave, or are you staying away from the Insider Trap? #GoldmanSachsFilesforBitcoinIncomeETF $BTC #RaveDAO #CryptoWarning #OnChainAnalysis
We have now swept the high at $76k and taken out all the major liquidity clusters that were left above.
If price continues to find acceptance back below this high, we will eventually continue lower, targeting all the liquidity that has built up below.
This is a scenario that wouldn’t surprise me at all, given that this move not only allowed market makers to sweep huge amounts of liquidity that were still left above from the last time price pushed towards $76k, but also trapped a lot of late longs that are now ready to get wiped out once price reverses.
Additionally, there were a lot of people expecting price to finally retest the breakdown at $80k and possibly fill the CME gap.
But in a bear market, these playbook retests usually don’t happen.