📊 Market Overview & Analysis
BTC/USDT (Bitcoin)
Trend Status: Bearish-Sideways (H4), Bullish Recovery (15M)
Price Action: BTC is currently testing the $71,200 zone. We saw a massive liquidation of longs earlier this week (approx. $100M). A prominent whale on Hyperliquid is currently 40x shorting 1,000 BTC, signalling a potential "Whale Hunt" for lower liquidity at $68,000.
Long Entry Range: $70,450 - $70,800 (Low-risk FVG fill)
TP: $71,800, $72,500, $73,200, $74,000
Short Entry Range: $72,200 - $72,600 (Resistance rejection/Inducement)
TP: $71,000, $70,100, $69,200, $68,000
Stop Loss: $69,850 (Long) / $73,450 (Short)
Valid Reason: Bearish Divergence on 1H RSI; EMA(20) acting as dynamic resistance. Order book shows heavy sell walls at $72.5k.