☕️ April 28 - Scalping - $BTC - PTKT concise from the Wyckoff + SMC viewpoint


- BTC on the H1 chart is showing a sideways state within a wide range after a rally, but short-term selling pressure is currently dominant.
- The price structure has shifted from bullish to weakening as a bearish CHoCH appears and lower highs are continuously formed around the 78.5k - 79k area, clearly establishing a distribution zone.
- At present, the price is responding near the 76k support area, but there are no signs of a strong reversal yet.
- Regarding capital flow, the previous upward pushes were mainly aimed at absorbing buy-side liquidity, then were sharply sold down → a sign that smart money is offloading. Volume increasing on declining candles shows supply is in control.
👉 Strategy: Prioritize SELL along the short-term trend when the price retraces to the supply zone (77.5k - 78k). Buying should only be considered when the price reaches a deeper demand zone (74k - 75k) and there is confirmation, such as a bullish BOS or a spring. Avoid FOMO in the middle of the range; focus on trading liquidity zones to optimize RR.
⚠️ Note: This is a personal viewpoint. Sharing a practical trading perspective is not an investment recommendation.
BTC-1.08%
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