BTC’s 1‑hour structure is showing clear signs of weakness following rejection from the premium supply zone between 122 000 and 123 200. After sweeping equal highs and tapping into the 50 % internal retracement level around 119 900, price sold off sharply, breaking below the intraday demand at ~119 000. This shift in market structure signals bearish intent in the short term.
The strong rejection, combined with increased sell-side volume, indicates that the rally was more likely a liquidity grab than true bullish strength. As a result, BTC is now expected to continue lower toward the 117 000 level to clear resting liquidity beneath recent lows. This level aligns with the previous CHOCH (Change of Character) and is a key liquidity pocket.
Once BTC grabs the liquidity below 117 000, we anticipate a potential bullish reaction and reversal, as smart money may use this area to re-accumulate and drive price higher.
However, until that liquidity is collected, the bias remains bearish in the short term. As always, proper risk management is essential—define your invalidation clearly and manage position size responsibly to protect capital in this volatile environment.
The strong rejection, combined with increased sell-side volume, indicates that the rally was more likely a liquidity grab than true bullish strength. As a result, BTC is now expected to continue lower toward the 117 000 level to clear resting liquidity beneath recent lows. This level aligns with the previous CHOCH (Change of Character) and is a key liquidity pocket.
Once BTC grabs the liquidity below 117 000, we anticipate a potential bullish reaction and reversal, as smart money may use this area to re-accumulate and drive price higher.
However, until that liquidity is collected, the bias remains bearish in the short term. As always, proper risk management is essential—define your invalidation clearly and manage position size responsibly to protect capital in this volatile environment.
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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.
Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
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.