BTC Technical Analysis: Breakout or Trap? 📉🚀
Bitcoin ($BTC ) is consolidating tightly in the $76,000 - $77,000 range. From an SMC perspective, we are resting at a major market inflection point. Here is what to watch:
Resistance (Supply Zone): $78,000 - $78,600. We need a solid 4H candle close above this bearish order block to open the doors for a pump back to $81,000+.
Support (Demand Zone): $75,500 - $76,400. This local bullish order block is holding up the current structure.
Liquidity Pool: If $75k breaks on a daily close, expect a rapid sell-side liquidity hunt down to the $74,100 - $74,900 zone.$BTC
Bitcoin ($BTC ) is consolidating tightly in the $76,000 - $77,000 range. From an SMC perspective, we are resting at a major market inflection point. Here is what to watch:
Resistance (Supply Zone): $78,000 - $78,600. We need a solid 4H candle close above this bearish order block to open the doors for a pump back to $81,000+.
Support (Demand Zone): $75,500 - $76,400. This local bullish order block is holding up the current structure.
Liquidity Pool: If $75k breaks on a daily close, expect a rapid sell-side liquidity hunt down to the $74,100 - $74,900 zone.$BTC