Bitcoin is currently trading around the 76,100 region, facing resistance while showing signs of short-term weakness.
🔍 Market Structure Insight (1H):
On the intraday timeframe, price is struggling to form higher highs, indicating a potential slowdown in bullish momentum. The structure is beginning to shift, with signs of distribution near resistance.
📈 Bullish Scenario:
If price manages to reclaim and hold above the 77,600 resistance level, it may trigger a short-term recovery as buyers regain control.
📉 Bearish Scenario:
Due to:
= Strong US Dollar pressuring risk assets
= Hawkish tone from the Fed weighing on sentiment
= Weakening structure near resistance
BTCUSD may continue its downside move, and a break below the 74,500 support could open the path toward the 73,200 liquidity target.
⚠️ Key Levels to Watch:
Resistance: 77,600
Support: 74,500
💡 Trading Idea (SMC):
Watch for a break of structure (BOS) below support, followed by a pullback into a bearish order block or fair value gap (FVG) for continuation. Liquidity resting below recent lows may act as a draw.
SMC Key Concepts:
= Bearish BOS confirming downside continuation
= Buy-side liquidity taken near resistance
= Sell-side liquidity resting below support
= Supply zones acting as rejection areas
This is a personal market view based on price action, not financial advice.
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