sethaferd

TL;DR: Bear HVN rejection, momentum rollover, C-leg targets 111 k–110 k. Short bias intact while under 113.5 k. ⸻ 🩻 Market Logic This is a C-leg continuation play within a corrective structure, trading momentum + order-flow confluence: •CVD down + CRVOL flat = liquidity fade. •RSI breakdown = momentum confirmation. •HVN rejection = structural trigger. If 113.6 k gets reclaimed on strong volume → thesis invalidated; above that, next play is the L-BOR toward 116 k – 122 k. After the liquidation flush and retrace, BTC printed a textbook A–B–C corrective structure inside the larger wave-5 on hourly charts. The B-wave retraced ~0.93 of the prior drop — deep enough to trap late longs but shallow enough to preserve bearish symmetry. 🧠 Technical Context •1H HVN: 113.1k zone acting as supply shelf. •RSI (10m): rolled under 50 → momentum shift confirmed. •CVD: still negative (~–55k) — buyers not reclaiming control. •CRVOL: >1.1× → active but fading = exhaustion, not expansion. •Fib projections (C-wave): •1.0 × target → 111.55k •1.618 × extension → 110.38k ⚙️ Execution Plan •Short Entry: 112.9 k – 113.2 k (bear HVN underside) •Stop: 113.6 k (above 1 h wick) •Targets: •TP1 = 111.55 k •TP2 = 110.38 k •TP3 = 109.8 k (full C-leg completion) •Bias: Bearish until hourly close > 113.48 k