Bitcoin has broken out of its 1-hour ascending channel with a sharp bearish displacement, ending the slow grind higher that had been in place since the 9th of May. That channel served as a controlled environment for accumulation and small trend continuation, but the move we just saw confirms that the phase of balance has shifted into a clear retracement. The displacement candle was strong, clean, and aggressive, closing well outside the lower boundary of the channel and taking out multiple internal lows in the process. This wasn’t a weak break, it showed intent.
From a market structure standpoint, this confirms that short-term control has shifted to the downside. That move also left behind a visible Fair Value Gap just above current price, which is likely to act as a draw in the coming sessions. Unless that FVG gets reclaimed impulsively, this looks like the beginning of a deeper retracement.
Consolidation Structure
Prior to the break, BTC was building liquidity inside a clean ascending channel. The highs kept getting swept by small wicks, which hints at repeated inducement and short-term stop hunts. The final push into the top of the channel marked the last bullish attempt, and price immediately reversed after that sweep. The moment it broke structure with a high-volume bearish candle, the entire channel was invalidated and turned into supply.
We now have a clean CISD framework in play, price consolidated inside a channel, created inducement near the highs, triggered a stop hunt into the upper end of the range, and then dropped with strong displacement. That displacement not only broke structure but also left behind an imbalance that has yet to be filled.
Bullish/Bearish Scenarios
Right now, the short-term bias is bearish. The break of structure is confirmed, the Fair Value Gap is still open, and there is a clear inefficiency left behind. I expect price to revisit that gap and then reject to the downside again. That would complete the FVG retest leg and open the door for a move into deeper zones.
The next key area of interest is around the $100,000 mark, slightly below the current trading range. That level holds both technical and psychological weight. It lines up with a previous breakout zone, an unfilled imbalance, and likely a large pool of resting liquidity from retail long stops and institutional bids. If we reach that zone, I’ll be watching for signs of strength to suggest that this pullback was a liquidity grab before the next leg up.
If we do get that tap into $100K and price responds with bullish displacement from there, the bullish narrative would be back in play. That could easily form the base for a new impulse toward all-time highs. However, if $100K fails to hold and price pushes through without a significant reaction, then we’re dealing with a larger correction, and I’d expect continuation toward lower inefficiencies.
Price Target and Expectations
First, I expect a small leg up to fill the Fair Value Gap inside the broken channel structure. That area will act as the first test, and if price shows rejection there, I’m looking for continuation toward the $100,000 to $99,500 region. That zone aligns with a clean 1H imbalance and marks the origin of the last strong bullish expansion.
If BTC taps into that deeper imbalance and confirms a reversal with clear bullish intent, the stage will be set for a potential breakout into new all-time highs. That’s where I would expect stronger hands to step in and take control. The longer price holds above that $99k zone, the higher the odds we break past the previous high.
But if there’s no reaction and price bleeds through $99K, the bullish structure on the higher timeframes would be compromised, and the move could extend toward the mid-$90K range.
Current Stance
Short-term bearish, waiting for price to retest the FVG inside the previous channel. That will be the first key area where I expect a reaction. If the rejection confirms, I’ll be watching for signs of continuation into $100K.
Not interested in chasing price between levels. I’ll either look to short the FVG retest with confirmation or wait for the deeper tap into the $100K zone to look for a long setup. No trades in the middle, only acting at the extremes where the risk-reward makes sense.
Conclusion
This setup fits cleanly into a classic displacement narrative. Bitcoin broke out of structure with a high-volume move, left behind an FVG, and is now likely preparing for a short retrace before continuing lower. The $100K zone is the main area to watch — that’s where the next high-probability trade opportunity is likely to develop. If bulls defend that zone and we get bullish confirmation, the path to new highs is still intact. But if $99K fails, I’ll be sidelined and looking for the next major level.
The structure is clear, the inefficiencies are visible, and the plan is defined. Now it’s just about waiting for price to do its job.
___________________________________
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
From a market structure standpoint, this confirms that short-term control has shifted to the downside. That move also left behind a visible Fair Value Gap just above current price, which is likely to act as a draw in the coming sessions. Unless that FVG gets reclaimed impulsively, this looks like the beginning of a deeper retracement.
Consolidation Structure
Prior to the break, BTC was building liquidity inside a clean ascending channel. The highs kept getting swept by small wicks, which hints at repeated inducement and short-term stop hunts. The final push into the top of the channel marked the last bullish attempt, and price immediately reversed after that sweep. The moment it broke structure with a high-volume bearish candle, the entire channel was invalidated and turned into supply.
We now have a clean CISD framework in play, price consolidated inside a channel, created inducement near the highs, triggered a stop hunt into the upper end of the range, and then dropped with strong displacement. That displacement not only broke structure but also left behind an imbalance that has yet to be filled.
Bullish/Bearish Scenarios
Right now, the short-term bias is bearish. The break of structure is confirmed, the Fair Value Gap is still open, and there is a clear inefficiency left behind. I expect price to revisit that gap and then reject to the downside again. That would complete the FVG retest leg and open the door for a move into deeper zones.
The next key area of interest is around the $100,000 mark, slightly below the current trading range. That level holds both technical and psychological weight. It lines up with a previous breakout zone, an unfilled imbalance, and likely a large pool of resting liquidity from retail long stops and institutional bids. If we reach that zone, I’ll be watching for signs of strength to suggest that this pullback was a liquidity grab before the next leg up.
If we do get that tap into $100K and price responds with bullish displacement from there, the bullish narrative would be back in play. That could easily form the base for a new impulse toward all-time highs. However, if $100K fails to hold and price pushes through without a significant reaction, then we’re dealing with a larger correction, and I’d expect continuation toward lower inefficiencies.
Price Target and Expectations
First, I expect a small leg up to fill the Fair Value Gap inside the broken channel structure. That area will act as the first test, and if price shows rejection there, I’m looking for continuation toward the $100,000 to $99,500 region. That zone aligns with a clean 1H imbalance and marks the origin of the last strong bullish expansion.
If BTC taps into that deeper imbalance and confirms a reversal with clear bullish intent, the stage will be set for a potential breakout into new all-time highs. That’s where I would expect stronger hands to step in and take control. The longer price holds above that $99k zone, the higher the odds we break past the previous high.
But if there’s no reaction and price bleeds through $99K, the bullish structure on the higher timeframes would be compromised, and the move could extend toward the mid-$90K range.
Current Stance
Short-term bearish, waiting for price to retest the FVG inside the previous channel. That will be the first key area where I expect a reaction. If the rejection confirms, I’ll be watching for signs of continuation into $100K.
Not interested in chasing price between levels. I’ll either look to short the FVG retest with confirmation or wait for the deeper tap into the $100K zone to look for a long setup. No trades in the middle, only acting at the extremes where the risk-reward makes sense.
Conclusion
This setup fits cleanly into a classic displacement narrative. Bitcoin broke out of structure with a high-volume move, left behind an FVG, and is now likely preparing for a short retrace before continuing lower. The $100K zone is the main area to watch — that’s where the next high-probability trade opportunity is likely to develop. If bulls defend that zone and we get bullish confirmation, the path to new highs is still intact. But if $99K fails, I’ll be sidelined and looking for the next major level.
The structure is clear, the inefficiencies are visible, and the plan is defined. Now it’s just about waiting for price to do its job.
___________________________________
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
𝟔 𝐘𝐄𝐀𝐑𝐒 𝐄𝐗𝐏𝐄𝐑𝐈𝐄𝐍𝐂𝐄𝐃 𝐓𝐑𝐀𝐃𝐄𝐑
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🎁 Free trading Discord community
bit.ly/TehThomas
💎 Free Signals
t.me/codeandcandle
✅ Best Crypto Propfirm 5% discount
bit.ly/Hyrotrader
🎁 Free trading Discord community
bit.ly/TehThomas
Related publications
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.
𝟔 𝐘𝐄𝐀𝐑𝐒 𝐄𝐗𝐏𝐄𝐑𝐈𝐄𝐍𝐂𝐄𝐃 𝐓𝐑𝐀𝐃𝐄𝐑
💎 Free Signals
t.me/codeandcandle
✅ Best Crypto Propfirm 5% discount
bit.ly/Hyrotrader
🎁 Free trading Discord community
bit.ly/TehThomas
💎 Free Signals
t.me/codeandcandle
✅ Best Crypto Propfirm 5% discount
bit.ly/Hyrotrader
🎁 Free trading Discord community
bit.ly/TehThomas
Related publications
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.