BTCUSD: Potential Bullish Reversal - Buying Opportunity @ $98000

MARKET ANALYSIS

The current market trend appears bearish on higher timeframes, with lower highs and lower lows. However, the lower timeframe shows a potential bullish correction.

KEY OBSERVATION

- Higher timeframe (1-hour): Bearish trend, lower highs, and lower lows.
- Lower timeframe (5-minute): Potential bullish correction, higher lows.
- Misalignment between timeframes: Higher timeframe bearish, lower timeframe bullish.
- Liquidity zones: Higher timeframe (106,000-107,000), lower timeframe (98,000-99,000).

TRADE SETUP

Wait for better market conditions and alignment before entering a trade.

ENTRY POINT

Wait for potential liquidity sweeps around the lower timeframe support at 98,000.

ENTRY CRITERIA

- Bullish confirmation (e.g., bullish engulfing candlestick).
- Cautious long entry.

RISK MANAGEMENT

- Stop Loss: Below the recent swing low or fair value gap (97,500).
- Take Profit 1: Next resistance or liquidity zone (101,500).
- Take Profit 2: Higher target (104,000) if bullish momentum continues.

INVALIDATION CRITERIA

- Price fails to hold support at 98,000.
- Breaks the short-term ascending trendline.
- Forms a strong bearish candle.

REMINDER

Wait for confirmation and avoid impulsive entries to ensure higher probability trades.