SHORT #BTCUSDT from $105,000 stop loss $106,300
1h TF.
BTC demonstrates a bearish formation after exiting the distribution zone at levels 108,000–112,000. In this area, active profit-taking and selling were previously observed, confirmed by high trading volume.
The current increase appears to be a correction to fill the imbalance around 105,500. The upward movement is accompanied by weak volumes and a lack of aggressive demand, indicating the possibility of a false impulse.
Entry recommendation:
Consider entering short upon reaction near the level of 105,500.
Targets and risks:
Target for closing the position — 101,500 and 99,000 (areas of past consolidations and liquidity).
Stop-loss — 106,300.