BTCUSD Technical Analysis | Smart Money Concept (SMC) Breakdown
🧠 Smart Money Market Structure Insight
📌 Key Elements Identified:
BOS (Break of Structure): Multiple BOS points indicate bullish intent early on. However, the latest BOS on July 14 followed by a significant drop signals a shift in momentum—possibly a distribution phase.
Liquidity Sweep: Price swept prior equal lows/liquidity before reversing, a typical Smart Money trap setup.
FVG (Fair Value Gap) / Imbalance: Identified around the mid-section of the chart—price filled partially but failed to hold, suggesting internal weakness.
Strong Support Zone (Demand Area): Marked between 115,000 - 114,640; this zone is anticipated to act as a springboard for bullish reversal.
📉 Current Price Action Observation:
BTCUSD is hovering around 118,152 - 118,560, moving sideways with lower highs indicating compression.
Price is projected to form a "W" pattern or double bottom in the shaded region.
Expected liquidity grab beneath 115,902 followed by potential bullish reaction targeting 121,562, as indicated by the white arrow.
🧩 Strategic Outlook & Potential Play:
🔻 Bearish Sweep First:
Market likely to sweep the support one more time, tapping into deeper liquidity pools between 115,000–114,640.
This is aligned with the concept of Smart Money hunting for retail stop-losses before reversing.
🔼 Bullish Recovery After Sweep:
Strong probability of bounce due to presence of:
Fair Value Gap (already tested),
Fresh demand zone,
Liquidity grab setup.
Projected Bullish Target: 121,562
Confirmation Needed: A strong bullish engulfing or BOS on lower timeframes near support.
🏷️ Conclusion:
This BTCUSD setup is a textbook Smart Money scenario: BOS ➝ Liquidity Grab ➝ FVG ➝ Reversal from Demand. Traders should wait for confirmation from the support region before entering long positions.
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