๐น Current Market Context:
The market had a strong bearish move (left side of the chart), followed by a retracement and consolidation.
Current price: Around 104,700
Market is possibly forming a reversal structure after a significant low sweep.
๐น Key Zones Marked:
Demand Zone (lower green box):
Support area around ~103,600โ104,000 where price tapped and bounced โ likely indicating accumulation or mitigation zone.
Equal Liquidity Zone (upper green box):
Marked near 107,800โ108,000, labeled as "EQH LIQUIDITY" โ this is a potential bullish target, where stop-losses of sellers might be sitting.
๐ Expected Price Action (Illustrated Path):
Short-Term Dip:
A minor pullback is expected towards the demand zone again.
Bullish Reversal:
After this potential retest, a strong bullish move is anticipated.
Liquidity Target:
Price is projected to rally up and sweep the equal highs or liquidity zone.
๐ Technical View:
Structure Type: Smart Money/Price Action-based.
Concepts Used: Demand zone, Liquidity sweep (EQH), Accumulation, Market Structure Shift.
Bullish Bias: The projection suggests a trend reversal setup.
๐ Conclusion:
This chart forecasts a bullish reversal setup for BTC/USD:
Buy setup from demand zone (~104,000)
Targeting liquidity at 107,800โ108,000
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