Great, I see you sent a screenshot of the BTCUSDT chart
1. Determine Overall Trend
Latest trend: Strong increase from the 84,000 area to 95,769.
Then sideways around the 94,000 - 95,000 area, with signs of momentum slowing.
Bollinger Bands are slightly contracting, indicating the market is reducing volatility => Prepare to break.
2. Analysis according to Wyckoff
This resembles a Distribution Phase cycle:
PSY (Preliminary Supply): the 95,500 - 95,700 area has seen profit-taking.
BC (Buying Climax): highest peak 95,769.6
AR (Automatic Reaction): price pulled back to 93,800 (lowest in the last 24 hours).
ST (Secondary Test): slight test bounce but weak, not surpassing the peak.
3. Analysis according to ICT/SMC
After a strong pump, the price has created Imbalance/FVG in the area: 93,600 - 94,000.
Currently, the price is bouncing up and hesitating at the Middle of Range.
Key SMC zones:
Supply Zone: 95,000 - 95,700 (strong resistance, showing signs of price rejection)
Demand Zone: 93,500 - 93,800 (area to pay attention to, a place that could hunt stop-loss before pumping)
4. Analysis according to Supply Demand / Price Action
Main resistance: 95,500 - 95,700 (strong Supply Zone)
Main support: 93,500 - 93,800 (short-term Demand Zone)
The current candle shows the price is lightly testing the Midband of Bollinger (MB: 93,964).
Current Price Action:
The H4 candles have small bodies and long wicks, indicating accumulation or preparation to break.
Trading volume is gradually decreasing => reinforcing accumulation.
5. High Probability Entry Strategy
Option 1 - Buy limit:
Place a Buy Limit order at: 93,600 - 93,800 USDT.
Stoploss: below 93,200.
Target 1: 95,000.
Target 2: 95,700.
Target 3 (more greedy): 96,300.
Option 2 - Sell:
If the price pulls back to the Supply Zone 95,500 - 95,700, and has a rejection candle like Bearish Engulfing.
Enter a Sell Limit order at 95,500 - 95,700.
Stoploss above 96,000.
Target 1: 94,000.
Target 2: 93,000.
