Bitcoin (BTC/USDT) – Full Technical Breakdown - Timeframe: 1D

Bitcoin (BTC/USDT) – Full Technical Breakdown - Timeframe: 1D

Market Structure & SMC (Smart Money Concepts)
✅ CHoCH (Change of Character) confirmed from $105K top → current lower high around 88K zone.
📉 Break of Structure (BOS) to the downside occurred at $91K.
🟠 Bearish Order Block (OB): $86K–88K (price currently reacting here).

Liquidity Levels:
Sell-side: Swept at $76K
Buy-side: Sitting above 88K
Fair Value Gap (FVG): Unfilled zone between $81K–82K may act as magnet for price.

ICT Model Alignment
Judas Swing: Sharp liquidity grab below $76K → followed by rebound — classic manipulation before real move.

PD Array Setup:
Resistance: 88K (bearish OB + buy-side liquidity)
Support: $81K (discount zone + FVG)

Elliott Wave Outlook
Wave 1: July–Sept 2024
Wave 3: Nov–Feb rally to $105K (extended wave)
Wave 4: Correction to $76K likely complete
Wave 5 Target: Potential $115K+ if structure holds

Fractal Observation
🔹 Current price structure is mimicking Nov 2023–Jan 2024 pattern
🔹 If history rhymes: consolidation → breakout → retest → parabolic rally

Key Levels to Watch
🔼 Bullish Confirmation: Daily close above 88K → targeting 92K–$100K
🔽 Bearish Rejection: Drop below $81K → next support at $74K–$76K

Strategy Summary
🔹 Short-Term Bias: Cautiously Bullish
🔹 Entry Zone: Retest near 82K (FVG + OB)
🔹 SL: Below $79.5K
🔹 TP Zones: 88K → 92K → 98K
📈 R:R = Minimum 1:5 (High confluence)

Keep your eyes on HTF closures and manage risk. Liquidity traps are in play.