$BTC Update 🚨
🧠 Key Concepts on the Chart:
CHoCH (Change of Character):
This is the first sign of a potential trend reversal.
It occurs where price breaks the previous higher low in an uptrend, signaling bearish momentum is starting.
Seen in the left section of the chart, where the bullish trend shifts to bearish.
BOS (Break of Structure):
BOS confirms trend continuation (in this case, a bearish trend).
Multiple BOS labels show price breaking prior lows, confirming downtrend strength.
FVG (Fair Value Gap):
Price creates an imbalance (gap between candle bodies) due to aggressive movement.
Price often retraces to this zone to “fill the gap.”
The FVG marked in green is likely the target for retracement before a move higher.
Yesterday’s High:
Acts as a liquidity target or resistance.
Price may aim to grab liquidity above this level before reversing or continuing trend.
Low Sweep:
Price sweeps the recent low (liquidity grab), a common smart money concept.
This often traps sellers before reversing to the upside.
📊 Trade Setup Overview:
Entry: Around the current market price (~95,860.01)
Stop Loss: Below the recent low, around ~95,518.73
Take Profit (TP): Targeting above yesterday’s high near ~96,925.05
Risk-Reward Ratio: Favorable (~1:3+)
Risk: ~340 points
Reward: ~1060 points
🔍 Technical Summary:
Trend Context: Previously bearish, but now signs of reversal forming due to:
Liquidity sweep of recent lows
Presence of a fair value gap (FVG)
Bullish reaction expected if price fills the gap and flips structure
Expected Move:
Price fills the FVG (green zone)
A possible short pullback/rejection
Bullish breakout toward yesterday’s high
Potential continuation to higher levels if momentum sustains
✅ Conclusion:
This is a smart money concept-based long setup, relying on liquidity sweeps, FVG, and CHoCH.
As long as the low holds (~95,518), the setup favors bullish continuation.
Break and hold above FVG + BOS confirmation will be key for confidence in the move.
