BTC/USD) Bullish reversal analysis Read The Chaptian

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SMC Trading point update



This is a bullish reversal analysis on BTC/USD (Bitcoin to USD) on the 4-hour chart, suggesting a potential long opportunity after a sharp corrective move.


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Key Breakdown of the Chart:

1. Strong Downward Move with Potential Reversal:

Bitcoin experienced a sharp drop from the 88k region to ~74,387.50, now hitting a key demand zone (marked as "Orderblock").



2. Bullish Reaction Expected:

From the Orderblock support zone, a bullish reversal is anticipated.

The projected move aims to fill the imbalance and test the target zone between 87,152.94 and 88,557.14.



3. RSI Oversold:

RSI is around 32.27, indicating oversold conditions and adding confluence for a potential bounce.



4. EMA (200):

The 200 EMA lies around 85,153.85, which may act as dynamic resistance on the way up.


Mr SMC Trading point


5. Price Target:

The expected upside move is approximately +13,722.85 points (+18.75%), aiming for the supply zone above 87k.





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Conclusion / Trade Idea:

Entry Zone: Near 74,387.50, the orderblock/demand area.

Target Zone: 87,152.94 – 88,557.14

Bias: Bullish short- to mid-term reversal.

Confluences: Oversold RSI, clean support zone, potential trendline bounce, and price inefficiency above.



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