đ Bitcoin $BTC Market Update (SMC Concept)
Bitcoin is currently trading around $71.3K on the 1H timeframe after a strong bullish move from the $66K demand zone. The market recently created a liquidity sweep below $66K and then reversed sharply, showing signs of smart money accumulation.
đ SMC Analysis
âą Price has broken the previous lower high, indicating a shift in market structure (Bullish BOS).
âą Liquidity above $72K â $73K is now the next target.
âą The previous consolidation around $69K â $70K now acts as a demand zone / bullish order block.
đŻ Trade Setup
Long Setup
Entry: $70,200 â $70,600
Stop Loss: $69,300
Targets:
TP1: $72,000
TP2: $73,500
TP3: $74,500
If price retraces into the demand zone, a continuation toward liquidity above $73K is possible.
â ïž SMC Reminder:
Smart money usually moves price toward liquidity pools before the real move. Always wait for confirmation and manage risk.
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#BTC #ETHđ„đ„đ„đ„đ„đ„
Bitcoin is currently trading around $71.3K on the 1H timeframe after a strong bullish move from the $66K demand zone. The market recently created a liquidity sweep below $66K and then reversed sharply, showing signs of smart money accumulation.
đ SMC Analysis
âą Price has broken the previous lower high, indicating a shift in market structure (Bullish BOS).
âą Liquidity above $72K â $73K is now the next target.
âą The previous consolidation around $69K â $70K now acts as a demand zone / bullish order block.
đŻ Trade Setup
Long Setup
Entry: $70,200 â $70,600
Stop Loss: $69,300
Targets:
TP1: $72,000
TP2: $73,500
TP3: $74,500
If price retraces into the demand zone, a continuation toward liquidity above $73K is possible.
â ïž SMC Reminder:
Smart money usually moves price toward liquidity pools before the real move. Always wait for confirmation and manage risk.
If this post helped you, consider tipping â€ïž
Follow for more crypto insights.
#BTC #ETHđ„đ„đ„đ„đ„đ„
