$BTC SHORT $83,900 🔻🔥

⬇️ NEGATIVE DIVERGENCE on 1H — price up ⬆️, momentum down ↘️.

Major liquidity zone hit. Reversal or fakeout awaits?

Negative Divergence 📛: This suggests that despite the price increase, the underlying momentum is weakening. It might be a sign of a potential reversal or pullback.

- Liquidity Zone 🧋: The $83,300 zone could act as support or resistance, depending on whether buyers or sellers dominate.

- Reversal or Fakeout: Given the current market conditions, it's possible that the price might experience a reversal, but a fakeout (a temporary move in the opposite direction) is also a possibility.

Given these factors, experienced traders often look for additional confirmation signals, such as:

👉 Chart Patterns: Look for patterns like head and shoulders, triangles, or wedges that might indicate a potential direction.

👉 Volume Analysis: Analyze trading volume to gauge market sentiment and potential direction.

👉 Market Sentiment: Keep an eye on overall market sentiment, news, and events that might impact Bitcoin's price