BitcoinLong
BTCUSD Analysis – A Breakdown of Key Levels and Market Structure
This is my recent analysis of Bitcoin (BTC/USD) on the 1-hour chart. The focus is on identifying key areas of interest, including Points of Interest (POI), supply and demand zones, and the premium/discount levels in the market.
Key Highlights
Market Structure and Choch (Change of Character):
A clear shift in structure (Choch) was observed around the marked regions, indicating a change in market sentiment. These zones became critical for identifying potential entries and exits.
The Choch aligned with supply zones, further validating bearish movements.
Premium and Discount Zones:
The market respected both the premium and discount zones. Prices retraced into premium levels before rejecting downward, confirming selling opportunities.
Conversely, discount levels provided areas of interest for potential buy setups.
Supply Zones and Breaker Blocks:
A significant supply zone near the 97,800 mark played a pivotal role in price rejection, pushing the market lower.
The "breaker block POI" at the lower level became an area of interest for observing a possible reaction. It aligns with a liquidity grab narrative, which often precedes a reversal.
Fibonacci Perspective:
These levels were further validated by Fibonacci retracement zones, dividing the price action into premium (sell) and discount (buy) areas.
Take-Profit Targets:
Trades were executed with precise take-profit levels, as seen on the chart. These targets were strategically placed based on market structure and liquidity zones.
Outlook and Next Steps
Looking forward, I'm watching how price interacts with the "breaker block POI" around 95,400. A bounce from this level could lead to a retracement into the premium zone, providing another selling opportunity. Conversely, if this zone breaks, it may open the door for deeper liquidity grabs into the lower discount regions.
Key Highlights
Market Structure and Choch (Change of Character):
A clear shift in structure (Choch) was observed around the marked regions, indicating a change in market sentiment. These zones became critical for identifying potential entries and exits.
The Choch aligned with supply zones, further validating bearish movements.
Premium and Discount Zones:
The market respected both the premium and discount zones. Prices retraced into premium levels before rejecting downward, confirming selling opportunities.
Conversely, discount levels provided areas of interest for potential buy setups.
Supply Zones and Breaker Blocks:
A significant supply zone near the 97,800 mark played a pivotal role in price rejection, pushing the market lower.
The "breaker block POI" at the lower level became an area of interest for observing a possible reaction. It aligns with a liquidity grab narrative, which often precedes a reversal.
Fibonacci Perspective:
These levels were further validated by Fibonacci retracement zones, dividing the price action into premium (sell) and discount (buy) areas.
Take-Profit Targets:
Trades were executed with precise take-profit levels, as seen on the chart. These targets were strategically placed based on market structure and liquidity zones.
Outlook and Next Steps
Looking forward, I'm watching how price interacts with the "breaker block POI" around 95,400. A bounce from this level could lead to a retracement into the premium zone, providing another selling opportunity. Conversely, if this zone breaks, it may open the door for deeper liquidity grabs into the lower discount regions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.