Market OverviewBitcoin (
BTCUSD$) is showing strong signs of a bullish structural shift on the 1-hour chart. After a periods of downward movement, price action has formed what appears to be a classic Smart Money Concepts (SMC) accumulation base, breaking past previous lower highs and creating bullish momentum.
Technical Breakdown
Structure Shifts (BOS): We can observe consecutive Break of Structure (BOS) points on the way down, establishing a clear macro bearish trend that has now successfully exhausted itself at the SMC demand floor.H1 Order Block (H1-OB): Price has recently impulsed upward, leaving behind a valid 1-hour bullish Order Block (teal box labeled H1-OB). This zone represents strong institutional buying interest.
Current Action: The price is currently hovering right around $63,115. A minor corrective pullback into the top of the H1-OB is expected to mitigate the remaining buy orders before the next leg up.
Trading Setup
Entry Zone: A retest or consolidation within the H1-OB zone (approx. $62,800 - $63,100).
Primary Target: The swing high liquidity pool marked TAARGET at approximately $64,400.
Invalidation (Stop Loss): A clean candle body close below the H1-OB invalidates this bullish thesis.
BTCUSD$) is showing strong signs of a bullish structural shift on the 1-hour chart. After a periods of downward movement, price action has formed what appears to be a classic Smart Money Concepts (SMC) accumulation base, breaking past previous lower highs and creating bullish momentum.Technical Breakdown
Structure Shifts (BOS): We can observe consecutive Break of Structure (BOS) points on the way down, establishing a clear macro bearish trend that has now successfully exhausted itself at the SMC demand floor.H1 Order Block (H1-OB): Price has recently impulsed upward, leaving behind a valid 1-hour bullish Order Block (teal box labeled H1-OB). This zone represents strong institutional buying interest.
Current Action: The price is currently hovering right around $63,115. A minor corrective pullback into the top of the H1-OB is expected to mitigate the remaining buy orders before the next leg up.
Trading Setup
Entry Zone: A retest or consolidation within the H1-OB zone (approx. $62,800 - $63,100).
Primary Target: The swing high liquidity pool marked TAARGET at approximately $64,400.
Invalidation (Stop Loss): A clean candle body close below the H1-OB invalidates this bullish thesis.
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.
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.