Hello traders,

Today, I share with you an in-depth and updated technical view of Bitcoin against USDT on the 4-hour timeframe, based on the current market structure and liquidity behavior in critical supply and demand areas.

Overall Trend: Corrective Descending within a Main Ascending Wave

The market is currently in a Distribution Phase after a strong upward wave that started from levels below 88,000 and reached a peak at 106K. This phase is characterized by slow momentum and sharp retracements from strong horizontal resistances.

Key Analysis Points:

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Effective Selling Area:

A sell order was activated from the area of 104,145.86, which is a supply area tested multiple times without a clear break. Continued selling is contingent upon not exceeding the critical resistance at 105,832.11, which represents the ceiling of the bearish scenario.

Short to medium-term bearish targets:

First Target: 98,130.39 USDT (first Boost area)

Second Target: 97,000 USDT (strong demand area, where horizontal support intersects with historical liquidity)

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Ideal Buying Area:

It is expected that we will see strong institutional buying accumulation when dropping to the demand area between 97,000 - 98,000 USDT, provided that the strategic support at 93,369.77 is maintained.

Breaking this level invalidates the buying scenario and enters us into a larger downward phase (FLIP).

Support the analysis with technical indicators:

RSI is heading towards neutral areas below 50, which enhances the chances of further correction before any real upward movement.

MACD shows a negative crossover with noticeable divergence, which supports the bearish scenario.

EMA 50 and EMA 200: The price is currently above the two averages, but there is a potential bearish crossover coming soon if the price does not bounce back quickly, increasing the chances of visiting support areas.

Entry at: 104,145.86

Stop Loss: 105,832.11

Targets: 98,130.39 then 97,000

Conditional Buy Order:

Entry: at 97,000 – 98,000 (conditional on the appearance of strong reversal candles)

Stop Loss: Clear break below 93,369.77

Targets: Return to 105K and possibly break through it

Important Warning:

This analysis is not considered a direct recommendation to enter. Each trader is responsible for their decisions and should manage their trades according to their own plan and strategy with strict financial management. The market is variable, and reading price behavior in real-time is essential.

#BTCUSDT #SaylorBTCPurchase #BinanceAlpha$1.7MReward #EthereumSecurityInitiative #BinanceTGEAlayaAI $BTC

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