$BTC IS ENTERING A MAJOR ICT BEARISH ORDER BLOCK: REJECTION OR BREAKOUT?
SMC/ICT STRUCTURE UPDATE: Bitcoin is currently trading into a Daily Bearish Order Block around $80K–$83K, which also aligns with the most recent Lower High.
From an SMC perspective, the structure remains bearish until this Lower High is displaced and reclaimed with acceptance.
Rejection from $80K–$83K
→ Lower High remains valid
→ Liquidity below becomes the next draw
→ $70K → $60K → $50K
Daily Displacement above $83K
→ Bearish structure starts getting invalidated
→ Look for a retest / mitigation
→ Formation of a Higher Low would strengthen the bullish CHoCH case
The key here is Not the wick above $83K, it is acceptance above the OB.
Until that happens, this rally should be treated as a Retracement into premium, not a confirmed trend reversal.
HTF Candle Close Above $83K = Structural Decision Point.
#Bitcoin #CryptoPatel
SMC/ICT STRUCTURE UPDATE: Bitcoin is currently trading into a Daily Bearish Order Block around $80K–$83K, which also aligns with the most recent Lower High.
From an SMC perspective, the structure remains bearish until this Lower High is displaced and reclaimed with acceptance.
Rejection from $80K–$83K
→ Lower High remains valid
→ Liquidity below becomes the next draw
→ $70K → $60K → $50K
Daily Displacement above $83K
→ Bearish structure starts getting invalidated
→ Look for a retest / mitigation
→ Formation of a Higher Low would strengthen the bullish CHoCH case
The key here is Not the wick above $83K, it is acceptance above the OB.
Until that happens, this rally should be treated as a Retracement into premium, not a confirmed trend reversal.
HTF Candle Close Above $83K = Structural Decision Point.
#Bitcoin #CryptoPatel
