Bitcoin / TetherUS
Short

BTCUSDT – Diametric G-Leg Underway?

238
⏱ Timeframe: 4H / 1H
🔍 Method: NeoWave + Smart Money Concepts (SMC)
📍Posted by: CryptoPilot



🧠 NeoWave Progression Update

As outlined in our previous analysis, we are tracking a potential Contracting Diametric structure (A–G) originating from the March 2025 highs.

🚨 The G-Leg may now be actively unfolding.

Here’s what just happened:
• Price rejected sharply from the supply zone near 119,000–119,500, exactly where Wave F was expected to end.
• After a drop to 115,780 (minor trendline), price bounced, but failed to make a new high, stalling at 118,700, forming a lower high → classic signature of a developing G-Leg.
• This G-wave likely aims to break below Wave E low, seeking imbalance fills and structural resets.



📊 Smart Money Confluence (SMC / ICT)
• 🟥 Bearish Market Structure confirmed via MSS on 1H: Lower Highs + Internal BOS
• 🟨 Buy-side Liquidity above 120k was already swept
• 🔻 Price failed to reclaim OB block around 119.5k
• 🧩 FVGs remain open between 114.5k–113k, acting as magnet zones
• 📉 Expectation: Price may now break the ascending minor trendline and accelerate toward the major structure low

📌 Primary Scenario:
• Wave G of Diametric in motion
• Potential structure: Zigzag or Complex Combination
• Expectation: Bearish continuation to break below 113k

📌 Alternative Scenario:
• If price closes above 120.5k, diametric structure may be invalidated
• Watch for triangle/flat development instead



⚠️ Risk Management Note:
Price action near 118.7k–119.5k is crucial. Reclaiming that zone with strength changes the bias. Until then, sellers remain in control.

💬 Final Thought:
We’re tracking the final stages of a multi-month complex correction. The rejection at supply, combined with SMC signals and NeoWave symmetry, suggests sellers may push price into deeper demand zones soon.


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💬 Share your views or alternate wave counts in the comments!


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