Bitcoin
Short

BTC - Bitcoin Daily Chart

170
📊 Smart Money Concepts (SMC) Breakdown:
BOS (Break of Structure):

Several BOS labels indicate strong upward momentum and bullish market structure continuation.

Recent BOS at the top signals bulls still in control — until shown otherwise.

CHoCH (Change of Character):
Previous CHoCH in March signaled a bullish reversal (from a downtrend to an uptrend).
No current CHoCH suggesting trend reversal — but watch for signs near the top.
EQH (Equal Highs) near the current price:
These suggest liquidity resting above — potential target for market makers.
"Weak High" label suggests this area might be swept before a stronger move down.

🧠 Liquidity and Trap Zones:
Liquidity Pool: The red “Weak High” is likely an area where short sellers place stop-losses. Price may wick above to hunt this liquidity before a reversal.

Possible Fakeout: If the red arrow is correct, we may see a short-term spike up to grab liquidity followed by a reversal (potential short setup).

📉 Bearish Signs:
Bearish Heikin Ashi Candle near major resistance
Volume divergence: Price rising but volume not supporting the move (volume tapering off)
Overbought oscillator (bottom of the chart): Suggests exhaustion in bullish momentum
Price struggling to stay above $108K–$111K

🎯 Key Support/Resistance Levels:
Immediate Resistance: ~$111,917 (“Weak High”)

Support Zones:
$100,000 – round psychological level
$90,000 – visible previous demand area
$86,681 – midpoint equilibrium zone
$58,927 – major historical support

✅ Conclusion & Trade Ideas:
🔺 Bullish Scenario: Price breaks and holds above $112K → continuation to new highs
🔻 Bearish Scenario: Price fakes out above $112K → rejection → returns below BOS → retests $100K or deeper zones like $90K

📌 Neutral/Wait Mode: If consolidation continues near the top with decreasing volume

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Not for Financial Advise
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