📊 BTCUSD – Bearish Retracement Towards Key Liquidity Zone
BTCUSD is currently trading near 116,425, showing signs of a potential bearish retracement after testing the previous resistance zone around 117,000–119,000. The chart structure highlights multiple Break of Structure (BOS) points, confirming shifts in market sentiment.
Technical Breakdown
Previous Resistance Rejection
Price failed to hold above the 117,000 mark, indicating strong selling pressure from the prior supply zone.
The rejection aligns with a liquidity grab above the recent highs, suggesting smart money distribution.
Liquidity & Fair Value Gaps
There’s a visible Liquidity/Fair Value Gap from the late July rally, which may now act as a magnet for price.
The market tends to fill these inefficiencies before deciding the next major trend move.
Target & Support Zone
The next key support and liquidity pool rests between 113,500 – 114,000, highlighted as the target zone.
This area has confluence with previous accumulation phases, making it a probable point for a bullish reaction if tested.
Volume Profile Context
Volume nodes indicate heavier trading activity below current levels, suggesting that a drop towards 114,000 could be met with increased buyer interest.
Market Outlook
Primary Bias: Short-term bearish retracement.
Immediate Target: 114,000 liquidity zone.
Invalidation: A daily close above 117,500 may shift sentiment back to bullish, opening the path toward 119,000–121,000.
Trading Insight:
Aggressive traders may look for short setups below 116,500, targeting 114,000. Conservative traders may wait for price to tap into the support/target zone for potential long opportunities with tight risk management.
BTCUSD is currently trading near 116,425, showing signs of a potential bearish retracement after testing the previous resistance zone around 117,000–119,000. The chart structure highlights multiple Break of Structure (BOS) points, confirming shifts in market sentiment.
Technical Breakdown
Previous Resistance Rejection
Price failed to hold above the 117,000 mark, indicating strong selling pressure from the prior supply zone.
The rejection aligns with a liquidity grab above the recent highs, suggesting smart money distribution.
Liquidity & Fair Value Gaps
There’s a visible Liquidity/Fair Value Gap from the late July rally, which may now act as a magnet for price.
The market tends to fill these inefficiencies before deciding the next major trend move.
Target & Support Zone
The next key support and liquidity pool rests between 113,500 – 114,000, highlighted as the target zone.
This area has confluence with previous accumulation phases, making it a probable point for a bullish reaction if tested.
Volume Profile Context
Volume nodes indicate heavier trading activity below current levels, suggesting that a drop towards 114,000 could be met with increased buyer interest.
Market Outlook
Primary Bias: Short-term bearish retracement.
Immediate Target: 114,000 liquidity zone.
Invalidation: A daily close above 117,500 may shift sentiment back to bullish, opening the path toward 119,000–121,000.
Trading Insight:
Aggressive traders may look for short setups below 116,500, targeting 114,000. Conservative traders may wait for price to tap into the support/target zone for potential long opportunities with tight risk management.
Trade active
BTC Short Setup Active – Price action has confirmed bearish momentum after rejecting a key resistance zone. Market structure shows lower highs forming, indicating selling pressure. If sellers maintain control, we could see further downside movement toward the next major support area. Risk management is crucial as volatility remains high.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP t.me/Mentor_Michael03
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP t.me/Mentor_Michael03
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.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP t.me/Mentor_Michael03
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP t.me/Mentor_Michael03
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.