Daily Bitcoin Market Update (SMC Analysis)
Pair: BTCUSDT $BTC
Timeframe: 1H
Bitcoin is currently trading around $67.6K after a strong drop from the $73K–$74K supply zone. The market structure on the 1H timeframe is still bearish, with lower highs and lower lows forming.
🔎 Smart Money Concept (SMC) View
1️⃣ Liquidity Sweep
Price recently swept liquidity below the $66K lows and quickly bounced. This indicates smart money grabbing liquidity before a potential move.
2️⃣ Order Block Zone
The nearest bearish order block sits around $68.5K – $69.5K. If price moves into this area, we could see another rejection.
3️⃣ Key Demand Zone
Strong demand is visible around $65K – $66K. If the market drops again, this zone may act as support.
📈 Possible Scenarios
Bullish Scenario:
If BTC breaks and holds above $69K, the next liquidity target could be around $71K.
Bearish Scenario:
If price rejects from $68.5K – $69K, BTC could revisit $66K or even $65K liquidity.
🎯 Key Levels to Watch
Support: $66,000 – $65,000
Resistance: $68,500 – $69,500
⚠️ Smart money often moves price toward liquidity before the real move begins.
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(Not financial advice — always manage risk.)
#BTC