BTCUSDT: a short SMC (Smart Money Concepts) breakdown
1️⃣ Daily (global perspective)
• Overall trend remains bullish, but we’re in a correction off the ~110k peak.
• Key daily demand zones: 90–92k and 85–88k.
• Major supply above at 100–105k.
2️⃣ 4H (mid-term)
• A downtrend is forming within the broad 92–105k range.
• Nearest resistance: 98–100k (supply zone).
• Support: 94–92k. A break below 92k could extend toward 90–88k.
3️⃣ 1H (local view)
• Price is pressured down: a series of BOS signals bears in control.
• Trend reversal requires a break above ~98–99k with firm hold.
4️⃣ Conclusion
• Below 98k, likely more downside toward 92–94k.
• A bounce off 92–94k might test 98–99k. Breaking above that opens 100–105k.
• Watch how price reacts around 92–94k and 98–99k for the next major move.
Focus: look for BOS/CHoCH near these zones, confirm entries with patterns.
Always keep risk management and fundamentals (news, macro stats, etc.) in mind.
1️⃣ Daily (global perspective)
• Overall trend remains bullish, but we’re in a correction off the ~110k peak.
• Key daily demand zones: 90–92k and 85–88k.
• Major supply above at 100–105k.
2️⃣ 4H (mid-term)
• A downtrend is forming within the broad 92–105k range.
• Nearest resistance: 98–100k (supply zone).
• Support: 94–92k. A break below 92k could extend toward 90–88k.
3️⃣ 1H (local view)
• Price is pressured down: a series of BOS signals bears in control.
• Trend reversal requires a break above ~98–99k with firm hold.
4️⃣ Conclusion
• Below 98k, likely more downside toward 92–94k.
• A bounce off 92–94k might test 98–99k. Breaking above that opens 100–105k.
• Watch how price reacts around 92–94k and 98–99k for the next major move.
Focus: look for BOS/CHoCH near these zones, confirm entries with patterns.
Always keep risk management and fundamentals (news, macro stats, etc.) in mind.
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.