Hello Traders,
Looking at the 1-hour timeframe for Bitcoin (BTCUSD), we are seeing a clean, textbook Smart Money Concepts (SMC) structure. The market has been consolidating between a well-defined premium supply zone and a strong discount demand zone.
The immediate price action suggests a high-probability liquidity sweep and mitigation play before the next leg up. Here is the full technical breakdown:
📊 Technical Breakdown:
The Range & Consolidation: Bitcoin is currently consolidating around the $73,430 level, catching retail buyers in the middle of a range.
Supply POI (Resistance): There is a clear institutional supply block resting at the $74,074 - $74,200 region, which has capped the recent upside momentum.
Demand Zone (Support): On the lower end, we have a pristine, unmitigated 1H demand zone sitting perfectly at $72,549. This zone aligns with prior institutional buying and represents a key discount array.
🎯 The Trade Plan (Long Setup):
We are avoiding entries in the middle of the range. The plan is to wait for the market to purge internal range liquidity, tap into our extreme demand area, and reverse.
Entry Zone (POI): $72,500 - $72,600 (Waiting for a clean mitigation of the demand zone).
Stop Loss (SL): Below $72,296 (Invalidation point strictly below the demand structure).
Take Profit (TP): $74,074 (Targeting the unmitigated major Supply POI).
💡 Execution Tip:
Let the market sweep the impatient buyers first. Once the price drops into the $72,549 demand zone, drop down to lower timeframes (like the 5M or 15M) and look for a Change of Character (CHoCH) or a displacement candle before clicking buy.
If you like this institutional price action mapping, please support it with a LIKE and FOLLOW for more daily crypto and forex updates! Share your bias in the comments below.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always practice proper risk and position sizing.
Looking at the 1-hour timeframe for Bitcoin (BTCUSD), we are seeing a clean, textbook Smart Money Concepts (SMC) structure. The market has been consolidating between a well-defined premium supply zone and a strong discount demand zone.
The immediate price action suggests a high-probability liquidity sweep and mitigation play before the next leg up. Here is the full technical breakdown:
📊 Technical Breakdown:
The Range & Consolidation: Bitcoin is currently consolidating around the $73,430 level, catching retail buyers in the middle of a range.
Supply POI (Resistance): There is a clear institutional supply block resting at the $74,074 - $74,200 region, which has capped the recent upside momentum.
Demand Zone (Support): On the lower end, we have a pristine, unmitigated 1H demand zone sitting perfectly at $72,549. This zone aligns with prior institutional buying and represents a key discount array.
🎯 The Trade Plan (Long Setup):
We are avoiding entries in the middle of the range. The plan is to wait for the market to purge internal range liquidity, tap into our extreme demand area, and reverse.
Entry Zone (POI): $72,500 - $72,600 (Waiting for a clean mitigation of the demand zone).
Stop Loss (SL): Below $72,296 (Invalidation point strictly below the demand structure).
Take Profit (TP): $74,074 (Targeting the unmitigated major Supply POI).
💡 Execution Tip:
Let the market sweep the impatient buyers first. Once the price drops into the $72,549 demand zone, drop down to lower timeframes (like the 5M or 15M) and look for a Change of Character (CHoCH) or a displacement candle before clicking buy.
If you like this institutional price action mapping, please support it with a LIKE and FOLLOW for more daily crypto and forex updates! Share your bias in the comments below.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always practice proper risk and position sizing.
Trade closed: stop reached
SL HIT AFTER SOME PIPS OF PROFIT
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.