BankNifty Daily, Butterfly pattern completed!Beautiful Butterfly 🦋 pattern has completed on Daily chart of BankNifty.
Expect some profit booking or neutral trend in coming days up-to 55840 level.
Most near level is the re-test of 78.6% level ( 56013 ), for a new UP trend ( investors ).
" Buy 🟢 " above 56013 with the stop loss 🔻 of 55840, for the
🎯 Target 1: 56300
🎯 Target 2: 56500
🎯 Target 3: 57000
🎯 Target 4: open.
" Sell 🔴 " below 55631with the stop loss 🔺 of 55843, for the
🎯 Target 1: 55363
🎯 Target 2: 55095
🎯 Target 3: 54763
🎯 Target 4: open.
Smart Levels is Smart Trading. 👨🎓
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Liquidty
"BTC Hits Premium Zone – Is $117K the Next Stop?""BTC Hits Premium Zone – Is $117K the Next Stop?"
Bitcoin has rallied into the $121,000–$123,000 resistance zone, aligning with a Fair Value Gap (FVG) and a Breaker Block, both of which are high-probability reversal points in Smart Money Concepts (SMC). This region represents a premium pricing area, where institutions often take profits and trigger retracements.
Key Observations:
Liquidity Sweep: Prior highs have been taken, potentially fulfilling buy-side liquidity objectives.
Breaker Block Resistance: Price is currently reacting to this zone, indicating sellers stepping in.
Fair Value Gap: The unfilled imbalance between $121,000–$123,000 is acting as a short-term supply area.
Projected Retracement: A move down toward $117,000 is anticipated, coinciding with prior structure support and a liquidity pocket.
Technical Levels:
Resistance Zone: $121,000–$123,000
Target Zone: $117,000 (first key support)
Major Support: $112,000–$113,000 range
Bias: Short-term bearish toward $117,000 before potential continuation, unless price closes strongly above $123,000, invalidating the reversal thesis.

