BTC/USDT Outlook ICT Concepts

7월 27일

Bitcoin (BTC/USDT) Analysis

💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.


💡 Previous Analysis Review:
In the previous analysis, we anticipated the price to expand higher after sweeping the liquidity of the previous month's low and the sell-side liquidity below that level. This bullish outlook has continued to hold up until now.

📍 Current Market Overview:
The current price is around 68,184.01. The previous week's high has already been taken, and the price is close to sweeping the buy-side liquidity (BSL) at higher levels.

🔍 Identifying Key Levels:

• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• SMT: Smart Money Technique
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe

📊 Key Considerations:
• Current Price Position: The price is trading around 68,184.01, close to sweeping the buy-side liquidity.
• Key Levels Swept: The price has taken out the previous week's high and is near the BSL.
• Potential Retracement: After sweeping the BSL, a retracement back into the previous week's low or the FVG above it is anticipated.
• SMT with ETHUSDT: The Smart Money Technique (SMT) with ETHUSDT indicates a bullish outlook, suggesting that the lows below the SMT may act as protected levels.

📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:

• Retracement to Key Levels: After sweeping the buy-side liquidity, the price retraces back into the previous week's low or the FVG above it.
• Protected Lows: The SMT with ETHUSDT suggests that the lows below the SMT may act as protected levels, supporting a bullish continuation.

📉 Bearish Scenario:
A bearish scenario is likely if the following conditions are met:

• Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement.
• Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely.

📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially sweep the BSL, retrace back into the previous week's low or the FVG above it, and then continue higher. The SMT with ETHUSDT supports a bullish outlook.
• Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated.

🧠 SMT Explanation
Smart Money Technique (SMT):
SMT divergence occurs when two correlated assets, such as BTCUSDT and ETHUSDT, exhibit different price behaviors at their respective lows. In this case, ETHUSDT created a lower low, while BTCUSDT made a higher low. This SMT divergence indicates a bullish scenario for BTCUSDT, suggesting that the lows below the SMT may act as protected levels.

🙏 Thank you for joining us!
Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!

⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.