Technical Analysis of BTCUSD, 1D, SMC Style Coding):
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Current structure
• The price is about 72 thousand dollars
• You’ve got:
• EMA 50 (~70.7K) → acts as short-term support
• EMA 200 (~83.2K) → strong resistance for the higher time frame
• Recent market:
• The price has dropped sharply from the $90,000 to $95,000 range
• A range/consolidation was formed after the decline
This indicates that we are in a bear market structure (lower highs + shift down).
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Main Zone (Blue Supply Zone ~80K–83K)
• The highlighted area corresponds to:
• Previous consolidation before the decline
• Either 200
• This is a high potential institutional bid/sell area
If the price goes back there, expect:
• Rejection
• Grab liquidity above the highs of the range
• Continued decline
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Current price movement
• The price is compressed below the resistance
• Small upward push = likely a bounce rather than a reversal
👉 This looks like this:
Continuous bearish setup, not accretion
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The idea of liquidity and the trap
Your charted path suggests:
1. Simple push-up (liquid grab)
2. Hacking/fake distribution
3. Sharp move down
This corresponds to:
• Buy retail “bounce”
• Smart money distribution to power
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Negative goals
You have tagged:
• Target $34,458
This is realistic if:
• The overall downward trend continues
• There are no strong lower-higher forms
Average viewing levels:
• ~$60K → Minor support
• ~$50,000 → Psychological Structure +
• Then → send full to 30-35K area
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What might invalidate this bearish idea?
• A strong daily close above 83 thousand
• Holding above this level (turning it into support)
• Breaking the market structure upward
This would flip the bias to a bullish continuation instead.
⸻ Mr. SMC Trading Point
summary
• Trend: bearish
• Current movement: bounce/consolidation
• Main resistance: 80 thousand – 83 thousand
• Bias:
→ Shortage in supply
→ Target less liquidity (~50k → 35k)
Please strengthen this analysis
