BTCUSDT: a short SMC (Smart Money Concepts) breakdown
2025-02-07
Category: None

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.