Trade Recap:
If you followed my previous analysis, you know we were watching the $82,400 - $82,800 Supply Zone very closely. Just as anticipated, Bitcoin tapped directly into this high-resistance liquidity pool and faced an aggressive bearish rejection. The setup played out flawlessly, giving us a textbook Smart Money entry!
Technical Breakdown (What just happened?):
Institutional Selling: The market makers stepped in exactly at the previous swing high. Notice the massive bearish displacement candle on the 1H chart right after touching the pink box—this confirms heavy selling pressure and a rejection of higher prices.
The "Bull Trap": Price briefly swept the highs to grab liquidity, trapping early breakout buyers before aggressively reversing to the downside.
The Game Plan (The Next Move):
As indicated by the updated blue trajectory on the chart, the short-term momentum has clearly shifted to the bears.
Primary Downside Target: I am now looking for the price to melt down toward the $79,100 - $79,500 Demand Zone (Lower Pink Box). This area contains unmitigated orders and will act as a magnetic draw for the current price action.
The Next Opportunity: Once we reach the lower demand zone, we will monitor price action for a potential accumulation phase and a new long opportunity.
Strategy Update:
If you caught the short from the top supply zone, congratulations! Make sure to secure partial profits and trail your stop loss to guarantee a winning trade. If you are currently flat, wait for the price to reach the $79k demand zone before looking for any new setups.
Risk Management: Do not try to catch a falling knife in the middle of the range. Let the price come to our predefined zones!
#Bitcoin #BTCUSD #SMC #ICT #CryptoTrading #ForexPathshala #TechnicalAnalysis #TradingView
If you followed my previous analysis, you know we were watching the $82,400 - $82,800 Supply Zone very closely. Just as anticipated, Bitcoin tapped directly into this high-resistance liquidity pool and faced an aggressive bearish rejection. The setup played out flawlessly, giving us a textbook Smart Money entry!
Technical Breakdown (What just happened?):
Institutional Selling: The market makers stepped in exactly at the previous swing high. Notice the massive bearish displacement candle on the 1H chart right after touching the pink box—this confirms heavy selling pressure and a rejection of higher prices.
The "Bull Trap": Price briefly swept the highs to grab liquidity, trapping early breakout buyers before aggressively reversing to the downside.
The Game Plan (The Next Move):
As indicated by the updated blue trajectory on the chart, the short-term momentum has clearly shifted to the bears.
Primary Downside Target: I am now looking for the price to melt down toward the $79,100 - $79,500 Demand Zone (Lower Pink Box). This area contains unmitigated orders and will act as a magnetic draw for the current price action.
The Next Opportunity: Once we reach the lower demand zone, we will monitor price action for a potential accumulation phase and a new long opportunity.
Strategy Update:
If you caught the short from the top supply zone, congratulations! Make sure to secure partial profits and trail your stop loss to guarantee a winning trade. If you are currently flat, wait for the price to reach the $79k demand zone before looking for any new setups.
Risk Management: Do not try to catch a falling knife in the middle of the range. Let the price come to our predefined zones!
#Bitcoin #BTCUSD #SMC #ICT #CryptoTrading #ForexPathshala #TechnicalAnalysis #TradingView
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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.
Related publications
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.