#smc &. #VWAP #bitcoin
đ Bitcoin ($BTC /USD): The calm before the explosion?
Bitcoin is currently trading around $81,181, undergoing a consolidation phase following a recent peak near $89,255. The chart clearly shows the price tightening within a local wedge pattern, right along the VWAP line.
đ Key levels based on SMC and S/D (Supply/Demand):
âĄïž Resistance zone: $83,400 - $89,255
âĄïž Support zone: $76,850
đŠ Two potential scenarios:
đą Bullish: A breakout and stabilization above $83,500 opens a clear path to retest the high at $89,255.
đŽ Bearish: A downward breakout from the wedge could trigger a pullback toward the $76,850 demand zone. Unfilled buy limit orders - likely placed by "whales" - may still be sitting in this demand zone, waiting for such a retest.
â ïž The market is coiling up like a springâget ready for an impulsive breakout!
đ Bitcoin ($BTC /USD): The calm before the explosion?
Bitcoin is currently trading around $81,181, undergoing a consolidation phase following a recent peak near $89,255. The chart clearly shows the price tightening within a local wedge pattern, right along the VWAP line.
đ Key levels based on SMC and S/D (Supply/Demand):
âĄïž Resistance zone: $83,400 - $89,255
âĄïž Support zone: $76,850
đŠ Two potential scenarios:
đą Bullish: A breakout and stabilization above $83,500 opens a clear path to retest the high at $89,255.
đŽ Bearish: A downward breakout from the wedge could trigger a pullback toward the $76,850 demand zone. Unfilled buy limit orders - likely placed by "whales" - may still be sitting in this demand zone, waiting for such a retest.
â ïž The market is coiling up like a springâget ready for an impulsive breakout!