SMC Trading point update
Technical analysis of Bitcoin (BTC/USDT) on the 4-hour timeframe, with a focus on smart money concepts like FVG (Fair Value Gap) and support/resistance zones.
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Technical Breakdown:
1. Price Structure & Path Projection:
BTC is currently in a sideways range, but the drawn projection suggests a potential bullish reversal from the key support zone or the FVG level.
Two bullish paths are suggested:
One bounces from the key support zone (~114,725).
The other dips deeper into the FVG level, sweeping liquidity before heading higher.
2. Key Zones:
Key Support Level: Around 114,700–114,800, aligning with the EMA 200 and prior reaction levels.
FVG Level (Fair Value Gap): Just below the support zone — marked as a potential liquidity sweep area before bullish continuation.
Resistance Zone: 123,069.65, where partial profit could be taken.
Final Target Point: 130,312.02, projecting a strong bullish move from the base.
3. EMA 200 (Blue):
EMA sits around 114,685.97, acting as a strong dynamic support, supporting the bullish scenario.
4. RSI (14):
RSI is neutral at 51.10, providing room for bullish momentum without being overbought.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bullish
Entry Zone:
Conservative: Near 114,725.18 (key support + EMA 200)
Aggressive: Deeper at FVG level if price sweeps that zone
Targets:
TP1: 123,069.65 (resistance zone)
TP2: 130,312.02 (main target)
Invalidation: Break and close below FVG zone would negate the setup
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Please support boost 🚀 this analysis)
Technical analysis of Bitcoin (BTC/USDT) on the 4-hour timeframe, with a focus on smart money concepts like FVG (Fair Value Gap) and support/resistance zones.
---
Technical Breakdown:
1. Price Structure & Path Projection:
BTC is currently in a sideways range, but the drawn projection suggests a potential bullish reversal from the key support zone or the FVG level.
Two bullish paths are suggested:
One bounces from the key support zone (~114,725).
The other dips deeper into the FVG level, sweeping liquidity before heading higher.
2. Key Zones:
Key Support Level: Around 114,700–114,800, aligning with the EMA 200 and prior reaction levels.
FVG Level (Fair Value Gap): Just below the support zone — marked as a potential liquidity sweep area before bullish continuation.
Resistance Zone: 123,069.65, where partial profit could be taken.
Final Target Point: 130,312.02, projecting a strong bullish move from the base.
3. EMA 200 (Blue):
EMA sits around 114,685.97, acting as a strong dynamic support, supporting the bullish scenario.
4. RSI (14):
RSI is neutral at 51.10, providing room for bullish momentum without being overbought.
Mr SMC Trading point
---
Trade Idea Summary:
Bias: Bullish
Entry Zone:
Conservative: Near 114,725.18 (key support + EMA 200)
Aggressive: Deeper at FVG level if price sweeps that zone
Targets:
TP1: 123,069.65 (resistance zone)
TP2: 130,312.02 (main target)
Invalidation: Break and close below FVG zone would negate the setup
---
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(Services:✔️ JOIN Telegram channel
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
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.