Hello Traders,
Following a sharp institutional sell-off from the $73,000+ levels, Bitcoin (BTCUSD) is currently hovering around a crucial turning point near $70,328. As price approaches key discount arrays, we are tracking two high-probability Smart Money Concepts (SMC) paths for a bullish reversal.
Here is the structural breakdown of the two scenarios mapped out on the chart:
📊 Technical Breakdown & Market Structure:
Current State: The market has delivered a heavy bearish impulse, clearing out short-term buy-side liquidity and creating immediate inefficiencies above.
Immediate Support POI: We are currently sitting right on an immediate demand flip zone around $70,000.
Extreme Discount Demand Zone: Further down, a major unmitigated 1H demand block is waiting at the $68,000 psychological level, which represents an ideal area for an institutional liquidity grab.
🎯 The Trading Plan (Two Bullish Scenarios):
Scenario A (The Aggressive Reversal): 🏹
If the current minor support holds, price may see a short-term relief bounce, pull back slightly to form a higher low right around the $70,000 mark, and then accelerate upward to reclaim the premium ranges.
Confirmation: Look for a lower timeframe (5M/15M) Change of Character (CHoCH) around $70,000.
Scenario B (The Deep Liquidity Purge - Higher Probability): 🦈
If the bearish momentum breaches $70,000, do not panic. This will likely turn into a classic engineering of liquidity, dragging the price straight into our extreme discount demand block at $68,000. This area is highly primed for a massive institutional bounce.
Confirmation: Wait for a sharp stop-hunt/sweep of the recent lows into the $68,000 zone, followed by a strong displacement candle to enter long.
💡 Pro Execution Tip:
Do not chase the market in no man's land. Let the price action commit to either establishing structural support at $70,000 or sweeping down into the $68,000 extreme discount block. Protect your capital and manage your risk strictly.
If you find this structural price action mapping valuable, please drop a LIKE and hit FOLLOW for daily high-probability setups
Where do you see BTC heading next? Are we bouncing from $70k or dipping to $68k first? Let's discuss in the comments 👇
Following a sharp institutional sell-off from the $73,000+ levels, Bitcoin (BTCUSD) is currently hovering around a crucial turning point near $70,328. As price approaches key discount arrays, we are tracking two high-probability Smart Money Concepts (SMC) paths for a bullish reversal.
Here is the structural breakdown of the two scenarios mapped out on the chart:
📊 Technical Breakdown & Market Structure:
Current State: The market has delivered a heavy bearish impulse, clearing out short-term buy-side liquidity and creating immediate inefficiencies above.
Immediate Support POI: We are currently sitting right on an immediate demand flip zone around $70,000.
Extreme Discount Demand Zone: Further down, a major unmitigated 1H demand block is waiting at the $68,000 psychological level, which represents an ideal area for an institutional liquidity grab.
🎯 The Trading Plan (Two Bullish Scenarios):
Scenario A (The Aggressive Reversal): 🏹
If the current minor support holds, price may see a short-term relief bounce, pull back slightly to form a higher low right around the $70,000 mark, and then accelerate upward to reclaim the premium ranges.
Confirmation: Look for a lower timeframe (5M/15M) Change of Character (CHoCH) around $70,000.
Scenario B (The Deep Liquidity Purge - Higher Probability): 🦈
If the bearish momentum breaches $70,000, do not panic. This will likely turn into a classic engineering of liquidity, dragging the price straight into our extreme discount demand block at $68,000. This area is highly primed for a massive institutional bounce.
Confirmation: Wait for a sharp stop-hunt/sweep of the recent lows into the $68,000 zone, followed by a strong displacement candle to enter long.
💡 Pro Execution Tip:
Do not chase the market in no man's land. Let the price action commit to either establishing structural support at $70,000 or sweeping down into the $68,000 extreme discount block. Protect your capital and manage your risk strictly.
If you find this structural price action mapping valuable, please drop a LIKE and hit FOLLOW for daily high-probability setups
Where do you see BTC heading next? Are we bouncing from $70k or dipping to $68k first? Let's discuss in the comments 👇
Trade closed: stop reached
STOP LOSS
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.