The market is going through a very complex state between accumulation and liquidity drying up. The price is now at 95 thousand and the overall trend is still upward in the long term, but in the short term, we are experiencing a battle between buying whales and liquidity providers who are playing on nerves.
Analysis of different timeframes.
On the daily timeframe Daily
The trend is still upward, but the momentum has started to weaken a bit. Strong support is around 91,700 and 92,500 dollars, and if we see a breakout above 96,000 dollars, then the path will be open upwards.
On the 4-hour timeframe 4H
The market is in a clear accumulation phase around 94 and 95 thousand. Every attempt to rise above 95,000 is met with quick selling, which indicates that market makers are trying to attract as many buyers as possible before pulling the market down.
On the 1-hour timeframe 1H.
The momentum is weak and the volume is low with every breakout attempt; this is a dangerous indicator showing that there is a hidden intention to push the market down first.
Liquidity providers and liquidity withdrawal.
Now we are facing one of the oldest tricks of market makers: attracting people above 94 and 95 thousand with fake supports and promotions, then suddenly pulling the rug out from under their feet.
Their expected plan is as follows: they lower the price to break 93 thousand, hit the stop-loss of those who bought late, create panic selling in the market, then enter buying and reverse the trend.
Simply put, the strong decline expected to come, if it happens, is not the end of the world... on the contrary, it's a smart opportunity.
The general psychological state of the market.
The fear and greed index today gives us a reading showing high greed; people are overly optimistic, which is usually a warning sign. Also, the open futures contracts have reached huge numbers, making the chance of a sudden correction highly likely.
Opinions of major analysts and players.
Global analyst Willy Woo says that the market is currently in a liquidity absorption phase, which usually precedes upward movements.
Crypto Rover believes we need to be aware of market makers' tricks and says explicitly, if you fear the decline, you will sell cheap and they will buy from you.
The possible scenarios in the next 72 hours.
The first and closest scenario.
A downward break below 94 occurs, and we quickly touch levels 91 or even 90 or more.
Then a rebound occurs due to market makers entering buy orders.
The second scenario, although it's less likely.
The price maintains 94 thousand and continues to break 96 thousand upwards, and from there to 100 thousand without a deep correction.
Both are possible, but the current data favors the decline first.
The executive summary.
If you plan to enter, wait for a good correction at 90 or lower, or wait for a confirmation of a breakout above 96 before you enter.
The stop-loss for any new buy operation must be calculated well.
The market right now does not need speed... it needs patience and intelligence. Act with the mentality of institutions, not individuals, and always understand that collective fear is the fuel.
