$BTC
Bitcoin is currently trading around the 76,558 level.
Change of Character (ChoCH): The chart illustrates a structural shift where the price broke below the key support level, forming a ChoCH, which signals a bearish market bias.
Key Zones & Setup Strategy
Order Block (OB): An Order Block (OB) zone is identified on the upside within the approximately 78,000 to 79,000 range, where institutional selling pressure is anticipated.
Expected Price Action: According to this setup, the price is expected to retrace upward into the Order Block (OB) zone.
Short Position & Target: Following the rejection from the Order Block, a strong downward impulsive move is expected, with the primary Target pointing toward the lower support level near 74,000 or lower.
#SmartMoneyConceptsCrypto ts #CryptoTrading
Bitcoin is currently trading around the 76,558 level.
Change of Character (ChoCH): The chart illustrates a structural shift where the price broke below the key support level, forming a ChoCH, which signals a bearish market bias.
Key Zones & Setup Strategy
Order Block (OB): An Order Block (OB) zone is identified on the upside within the approximately 78,000 to 79,000 range, where institutional selling pressure is anticipated.
Expected Price Action: According to this setup, the price is expected to retrace upward into the Order Block (OB) zone.
Short Position & Target: Following the rejection from the Order Block, a strong downward impulsive move is expected, with the primary Target pointing toward the lower support level near 74,000 or lower.
#SmartMoneyConceptsCrypto ts #CryptoTrading
