$BTC Advanced Multi-Timeframe Analysis (ICT + SMC + Elliott Wave Theory + Fibonacci)
$BTC remains bullish on the daily, 4-hour, and 1-hour charts. After successfully holding the $62,200 demand zone, the price confirmed a Smart Money (SMC) liquidity sweep, followed by a strong displacement move.
From an ICT market structure perspective, the price has re-established a bullish order block and continues to trade above the equilibrium zone. Meanwhile, the RSI remains strong, further supporting the continuation of upward momentum.
According to Elliott Wave theory, the current move is still in the extension phase of Wave 5. Before entering the subsequent ABC corrective wave, the price still has the potential to make higher highs.
The Fibonacci retracement drawn from the recent swing low to the local high shows that the 0.618 retracement level has successfully been supported, further confirming that institutional capital is still actively accumulating.
As long as the price stays above $63,800, the overall bullish market structure remains valid, and the liquidity above the prior high will become the main target for the next phase.
If the price breaks below $63,200, the short-term bullish scenario will fail and the likelihood of a further deep pullback will increase.
Next take-profit (TP) levels:
- TP1: $64,900
- TP2: $65,750
- TP3: $66,900
*Trade $BTC now 👇🏻👇🏻
$BTC remains bullish on the daily, 4-hour, and 1-hour charts. After successfully holding the $62,200 demand zone, the price confirmed a Smart Money (SMC) liquidity sweep, followed by a strong displacement move.
From an ICT market structure perspective, the price has re-established a bullish order block and continues to trade above the equilibrium zone. Meanwhile, the RSI remains strong, further supporting the continuation of upward momentum.
According to Elliott Wave theory, the current move is still in the extension phase of Wave 5. Before entering the subsequent ABC corrective wave, the price still has the potential to make higher highs.
The Fibonacci retracement drawn from the recent swing low to the local high shows that the 0.618 retracement level has successfully been supported, further confirming that institutional capital is still actively accumulating.
As long as the price stays above $63,800, the overall bullish market structure remains valid, and the liquidity above the prior high will become the main target for the next phase.
If the price breaks below $63,200, the short-term bullish scenario will fail and the likelihood of a further deep pullback will increase.
Next take-profit (TP) levels:
- TP1: $64,900
- TP2: $65,750
- TP3: $66,900
*Trade $BTC now 👇🏻👇🏻