Looking at $BTC movement on the 1-hour chart right now, the market structure is actually still showing strong bullish signals. We’ve just seen a solid Break of Structure (BOS), but as usual, the market won’t just shoot straight up without taking a breather.
Currently, BTC is in a minor distribution phase after hitting local resistance. Technically speaking, this is a golden opportunity for those of us who missed the initial rally to seek out safer, more measured long positions.
Why LONG?
Based on Price Action (PA), there are several strong reasons why we should remain optimistic:
1. Trend is Your Friend: The 1-hour chart is still forming higher highs and higher lows.
2. Liquidity Grab: There are Fair Value Gaps (FVG) and Points of Interest (POI) that have not yet been filled below the current price.
3. Smart Money Mapping: The current pullback is merely a retest to find a stronger foothold (pumping ground) before surging into the $75k+ range.
Plan:
Buy/Long
Entry : 73.500 - 74.000 (FVG/POI Area 4h).
Deep entry (Optional) : 71.500 - 71.900 (In the event of a deeper correction/green box).
TP : 75.500 - 76.100 (New ATH)
SL : 70.400 (Below the most recent swing low (around $70,400) to protect your capital.)
Conclusion :
Patience is key. Don’t chase prices that are running high—instead, wait in the area where “Smart Money” typically re-accumulates. If the price enters the POI zone and there’s confirmation of a rejection.
Trade $BTC 👇
