Hello Traders,
Looking purely at the 4-hour structural price action for Bitcoin (BTCUSD), we have a highly probable Smart Money Concepts (SMC) manipulation setup forming. The chart shows a massive corrective wave that has brought us down to the current consolidation phase around the $63,074 level.
Based on the projected path, we are mapping out a classic "Sweep and Run" scenario to trap retail before the next major bullish leg.
📊 Technical Breakdown:
Current Structure: The market has delivered a sharp, high-momentum drop, leaving behind multiple unmitigated supply zones (red boxes) above us at $64,308, $66,934, and $67,745.
The Trap (Current Price): The current level of $63,074 is acting as a temporary floor. Retail traders are likely taking early long positions here, creating a pool of liquidity (stop-losses) resting just below this level.
Discount Demand (The Target): The major structural support and discount demand zone sits below at the $61,595 line.
🎯 The Trade Plan (The Mapped Projection):
The blue path mapped on the chart represents the highest-probability institutional sequence:
The Liquidity Sweep (The Drop): We anticipate a fake-out drop below the current $63,074 base. This move is designed to purge the early buyers' stop-losses and tap into the extreme discount support near $61,595.
The Reversal (The Run): Once the sell-side liquidity is swept and the $61,595 structural base is mitigated, we expect a violent, high-volume bullish displacement.
The Target: The projection shows the price slicing straight through the immediate resistance, targeting the premium supply zones at $66,934 and $67,745.
💡 Pro Execution Tip:
Do not buy the current consolidation at $63,074. Let the market execute the manipulation phase first. Wait for the dip into the $61,595 region and look for a strong lower-timeframe Change of Character (CHoCH) to confirm the institutional bounce before executing your long position.
If you appreciate this pure structural price action mapping, please drop a LIKE and FOLLOW for more clean SMC chart breakdowns! Where is your entry limit placed? Let me know below! 👇
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always practice strict risk management.
Looking purely at the 4-hour structural price action for Bitcoin (BTCUSD), we have a highly probable Smart Money Concepts (SMC) manipulation setup forming. The chart shows a massive corrective wave that has brought us down to the current consolidation phase around the $63,074 level.
Based on the projected path, we are mapping out a classic "Sweep and Run" scenario to trap retail before the next major bullish leg.
📊 Technical Breakdown:
Current Structure: The market has delivered a sharp, high-momentum drop, leaving behind multiple unmitigated supply zones (red boxes) above us at $64,308, $66,934, and $67,745.
The Trap (Current Price): The current level of $63,074 is acting as a temporary floor. Retail traders are likely taking early long positions here, creating a pool of liquidity (stop-losses) resting just below this level.
Discount Demand (The Target): The major structural support and discount demand zone sits below at the $61,595 line.
🎯 The Trade Plan (The Mapped Projection):
The blue path mapped on the chart represents the highest-probability institutional sequence:
The Liquidity Sweep (The Drop): We anticipate a fake-out drop below the current $63,074 base. This move is designed to purge the early buyers' stop-losses and tap into the extreme discount support near $61,595.
The Reversal (The Run): Once the sell-side liquidity is swept and the $61,595 structural base is mitigated, we expect a violent, high-volume bullish displacement.
The Target: The projection shows the price slicing straight through the immediate resistance, targeting the premium supply zones at $66,934 and $67,745.
💡 Pro Execution Tip:
Do not buy the current consolidation at $63,074. Let the market execute the manipulation phase first. Wait for the dip into the $61,595 region and look for a strong lower-timeframe Change of Character (CHoCH) to confirm the institutional bounce before executing your long position.
If you appreciate this pure structural price action mapping, please drop a LIKE and FOLLOW for more clean SMC chart breakdowns! Where is your entry limit placed? Let me know below! 👇
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always practice strict risk management.
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.
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.