Market OverviewBitcoin (
BTC$) is showing strong signs of a structural shift on the 1-hour timeframe. After a prolonged bearish descent characterized by consecutive Breaks of Structure (BOS), price action has formed a solid accumulation base. The recent market geometry suggests the sellers are exhausting, and the buyers are stepping back into control.
Technical Analysis & Key Confluences
Accumulation & Quasi-Double Bottom: Price created a complex bottoming pattern, failing to establish significant new lows and instead sweeping liquidity before aggressively pushing back up.H1 Order Block (H1-OB): The blue highlighted zone represents a valid 1-Hour Order Block. This demand zone is where institutional buying interest resides, responsible for the recent impulsive push upward.
Liquidity Target: The red horizontal TARGET line marks a major swing high and a clean pool of buy-side liquidity (buy stops). Markets naturally seek liquidity, making this the most logical magnet for price.
The Trading Plan
We are looking for a classic Smart Money Concepts (SMC) retest-and-go setup:
Entry Zone: Wait for a minor retracement down into the H1-OB zone (around the current structural support).
Confirmation: Ideally, look for a lower-timeframe (LTF) market structure shift (e.g., 5m or 15m CHoCH) inside the H1-OB to minimize risk.
Target: The primary take-profit objective is the major swing high (TARGET line) where trailing stop-losses of early shorters reside.
Technical Analysis & Key Confluences
Accumulation & Quasi-Double Bottom: Price created a complex bottoming pattern, failing to establish significant new lows and instead sweeping liquidity before aggressively pushing back up.H1 Order Block (H1-OB): The blue highlighted zone represents a valid 1-Hour Order Block. This demand zone is where institutional buying interest resides, responsible for the recent impulsive push upward.
Liquidity Target: The red horizontal TARGET line marks a major swing high and a clean pool of buy-side liquidity (buy stops). Markets naturally seek liquidity, making this the most logical magnet for price.
The Trading Plan
We are looking for a classic Smart Money Concepts (SMC) retest-and-go setup:
Entry Zone: Wait for a minor retracement down into the H1-OB zone (around the current structural support).
Confirmation: Ideally, look for a lower-timeframe (LTF) market structure shift (e.g., 5m or 15m CHoCH) inside the H1-OB to minimize risk.
Target: The primary take-profit objective is the major swing high (TARGET line) where trailing stop-losses of early shorters reside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our Free Daily Signals Channel – Targeting 500+ Pips!
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
