Dead-Cat Bounce or Smart Money Re-Accumulation?Bitcoin / U.S. dollarBITSTAMP:BTCUSDMathew_TraderGold1. Market Context & Structure On the 1H timeframe, Bitcoin remains in a broader corrective structure after failing to reclaim the prior resistance band around 95,600–96,000. That zone has now been validated multiple times as active supply, capping upside attempts and forcing price to rotate lower. The most recent move was a sharp impulsive sell-off, driving price directly into a well defined support zone near 92,000–92,300 a level that also aligns with prior reaction lows. This was not random selling. It was a liquidity-driven move. 2. Liquidity Sweep & Reaction The strong bearish candle into support effectively: - Swept sell-side liquidity below prior range lows - Triggered stops from late longs - Forced weak hands out of the market Importantly, price immediately stabilized after the sweep, forming small-bodied candles and a short-term base. This reaction suggests absorption, not continuation selling — a key distinction. The labeled liquidity zone above price also explains why BTC was vulnerable: price spent extended time consolidating there, building liquidity that was eventually targeted. 3. Support & Resistance Framework Major Resistance: 95,600 – 96,000 → Untouched supply, bearish unless reclaimed Liquidity Zone: ~93,800 – 94,500 → Likely magnet for a corrective bounce Key Support: 92,000 – 92,300 → Current demand response area As long as this support holds, downside momentum is paused, not reversed. 4. Likely Scenarios 🔼 Bullish Relief / Mean Reversion (Primary Short-Term Scenario) Price holds above 92k Forms higher lows on LTF Rotates back into 93.8k → 94.5k liquidity zone Potential extension toward 95.5k resistance if momentum builds This would be a corrective bounce, not a confirmed trend reversal. 🔽 Bearish Continuation (Invalidation Scenario) Clean breakdown and acceptance below 92k Failed bounce / weak structure Opens downside toward 90.8k – 91.2k next demand cluster Acceptance below support shifts bias firmly bearish again. 5. Trader’s Read (Professional Bias) This move looks like liquidity engineering, not panic Buyers are responding, but structure is still corrective Longs are tactical, not positional Shorts favored again if price shows weakness near resistance 6. Execution Insight Avoid chasing green candles from support Best longs come from confirmed higher low above 92k Best shorts come from rejection at liquidity or resistance zones Summary BTC just completed a textbook liquidity sweep into support. The reaction suggests a relief bounce is likely, but until price reclaims and holds above 95.6k, this remains a corrective phase inside a broader distribution structure. Smart traders don’t predict they let liquidity show the way.