$BTC On the 4H timeframe, the internal structure is currently bullish following the CHoCH around 67.29K. The strong displacement higher left several Bullish FVGs behind, which price could revisit for repricing before any potential continuation higher.
The first major area I’m watching is 69.70–71.00K. This Bullish FVG overlaps almost perfectly with the 0.62 level of the larger OTE around 69.65K, giving us a strong confluence zone if price delivers a deeper retracement.
Below that, the 66.48–68.07K area becomes particularly important as it covers the 0.705–0.79 portion of the OTE. It also overlaps with the larger Bullish FVG at 64.55–67.83K, while the previous CHoCH at 67.29K sits within the same general area. This gives us stronger confluence than an FVG alone.
As long as price remains above the Protected Low at 62.56K, the current 4H internal bullish structure remains intact. A decisive loss of that level would weaken the internal bullish scenario and open the possibility of a deeper correction toward 57–58K.
Even a move toward 57.8K would not automatically invalidate the bullish possibility on the larger structure. That level represents an important major low and a liquidity pool, so price could sweep below it and reclaim it.
At the same time, the weekly structure remains bearish, and the current rally can still be viewed as a retracement toward the weekly LH. For me, a confirmed weekly close above 82.85K would signal a Bullish CHoCH on the larger structure, while a confirmed weekly break and close below 57.8K would give us a Bearish BOS and strengthen the case for continuation lower.
So right now, I’m less concerned with predicting exactly where the correction will end and more focused on how price reacts around these FVG and OTE zones. Simply reaching an FVG is not enough — I want to see the reaction, displacement and the structure that develops afterward.
#Bitcoi #BTC #ict #smc #MarketStructure
The first major area I’m watching is 69.70–71.00K. This Bullish FVG overlaps almost perfectly with the 0.62 level of the larger OTE around 69.65K, giving us a strong confluence zone if price delivers a deeper retracement.
Below that, the 66.48–68.07K area becomes particularly important as it covers the 0.705–0.79 portion of the OTE. It also overlaps with the larger Bullish FVG at 64.55–67.83K, while the previous CHoCH at 67.29K sits within the same general area. This gives us stronger confluence than an FVG alone.
As long as price remains above the Protected Low at 62.56K, the current 4H internal bullish structure remains intact. A decisive loss of that level would weaken the internal bullish scenario and open the possibility of a deeper correction toward 57–58K.
Even a move toward 57.8K would not automatically invalidate the bullish possibility on the larger structure. That level represents an important major low and a liquidity pool, so price could sweep below it and reclaim it.
At the same time, the weekly structure remains bearish, and the current rally can still be viewed as a retracement toward the weekly LH. For me, a confirmed weekly close above 82.85K would signal a Bullish CHoCH on the larger structure, while a confirmed weekly break and close below 57.8K would give us a Bearish BOS and strengthen the case for continuation lower.
So right now, I’m less concerned with predicting exactly where the correction will end and more focused on how price reacts around these FVG and OTE zones. Simply reaching an FVG is not enough — I want to see the reaction, displacement and the structure that develops afterward.
#Bitcoi #BTC #ict #smc #MarketStructure
