☕️ Scalping - BTC - H1 on April 12th

Technical analysis from Wyckoff perspective + SMC on BTC/USDT H1 timeframe - 4 basic factors:
🔍 1. Current trend (Trend)
- Before the drop: clear bullish trend (bullish)
- After a strong dump from around 73.5k: short-term trend shifts to downtrend
- This is a sign of a temporary reversal or at least a deep correction phase
👉 Currently: Short-term bearish on H1 timeframe
🧩 2. Price structure (Market Structure)
- Price has formed a Buying Climax (Buying Climax) at the top
- Followed by a weak high + structure break (Break of Structure)
Strong red candle breaking through the zone: 72.5k - 72k → confirms BOS downward
Currently: Price is heading toward the demand zone 71k – 70.5k
👉 Structure: Break down from range → transition to distribution / markdown
💸 3. Money flow behavior (Smart Money Flow)
- Volume spikes during the decline → Smart Money is aggressively selling
- Prior: Sideways at the top + multiple BCs → signs of distribution
After the dump: No strong buying reaction yet → sellers are in control
👉 Conclusion: Large funds are exiting positions, favoring a sell
🎯 4. Trading strategy outlook (reference):
🔴 Main scenario (SELL based on trend)
Wait for price to retrace: 72.2k - 72.8k (supply zone / OB broken)
Signal: Rejection at price / weak candles / small CH
Entry: SELL --> TP: 71k → 70.5k --> SL: above 73k zone
🟡 Secondary scenario (Quick buy reaction)
If price hits: 70.5k – 71k (strong demand)
Signs: Spring / pullback / large buy volume → possible scalp buy back up to 72k
Summary:
- Top shows signs of distribution → strong sell-off
- No confirmation of trend reversal yet
- Reasonable strategy: prioritize selling the rally