The chart shows Bitcoin’s 4-hour price action on Binance with clear Smart Money Concepts (SMC) elements, including BOS (Break of Structure), CHoCH (Change of Character), and EQH/EQL (Equal Highs/Lows) levels.
After a strong bullish phase that broke previous structure highs, BTC faced multiple CHoCH signals, confirming a shift in market structure from bullish to bearish. Price has since been trending downward, breaking key demand zones and forming lower highs and lower lows.
Currently, BTC is trading around $101,900, retesting the broken structure zone (previous support turned resistance). The volume profile shows increased selling pressure during breakdowns, suggesting sustained bearish momentum. RSI remains below 40, reflecting weak buying interest and potential continuation of the downtrend until bullish divergence forms.
Key levels to watch:
Immediate resistance: $103,700 – $104,500
Next resistance: $106,500
Support zone: $98,800 – $97,800
Next major liquidity area: Below weak low near $98,850
If BTC fails to reclaim the $104K–$106K region, further downside toward $98K remains likely. However, a strong bullish CHoCH around current levels could indicate a short-term reversal.
After a strong bullish phase that broke previous structure highs, BTC faced multiple CHoCH signals, confirming a shift in market structure from bullish to bearish. Price has since been trending downward, breaking key demand zones and forming lower highs and lower lows.
Currently, BTC is trading around $101,900, retesting the broken structure zone (previous support turned resistance). The volume profile shows increased selling pressure during breakdowns, suggesting sustained bearish momentum. RSI remains below 40, reflecting weak buying interest and potential continuation of the downtrend until bullish divergence forms.
Key levels to watch:
Immediate resistance: $103,700 – $104,500
Next resistance: $106,500
Support zone: $98,800 – $97,800
Next major liquidity area: Below weak low near $98,850
If BTC fails to reclaim the $104K–$106K region, further downside toward $98K remains likely. However, a strong bullish CHoCH around current levels could indicate a short-term reversal.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.