☕️ April 23rd - Scalping - $BTC - Technical Analysis from Wyckoff + SMC perspective - 4 basic factors:


- BTC H1 still maintains an uptrend, after a strong markup phase from around ~73.5k - 74k up to 79.5k.
- However, at the peak, signs of weakening appeared when a Buying Climax (BC) ( was formed, along with a price rejection reaction, indicating that supply has started to participate.
- The market structure has shown a slight CHoCH downtrend, signaling the possibility of a shift to short-term correction rather than continuing to rise immediately.
- Regarding capital flow, smart money has completed sweeping liquidity above )BSL( around 78.5k - 79.5k and is now trending to push the price down to find liquidity below )SSL( around 75k - 76k.
👉 This is typical behavior after a strong rally: taking liquidity from both ends before deciding the next direction.
- The trading strategy suitable for this moment is to avoid FOMO at the peak. Prioritize short-term shorts when price retraces back to the supply zone, or wait for the price to correct to a lower Demand zone and then look for confirmation signals to buy following the main trend.
💥 Patience and discipline are the decisive factors.
BTC-0.6%
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