Technical analysis by SmartMoneyProfessional about Symbol BTC on 7/29/2025

Market Structure Overview: BTC is currently consolidating between the negative Order Block (-OB) and positive Order Block (+OB). Current Price: 118,561 Price has rejected from the Day’s High, and the new daily candle opens with a bearish bias. The price has already tested the Day’s Low, where it faced rejection — showing signs of short-term demand. Key Zones to Watch: Negative OB Resistance: 119,486 Positive OB Support: 117,849 Point of Interest (POI) for Deeper Move: 115,380 Scenario Projections: 📌 If price retests 119,486 (-OB) and shows signs of rejection with liquidity sweep, it could trigger a bearish leg back toward the +OB at 117,849. 📌 A bearish “W” pattern formation is likely if price reacts at -OB and breaks back down. 📌 If 117,849 (+OB) fails to hold, watch for price continuation to the POI at 115,380, especially after a clean break and retest. 🔧 Operational Suggestions: 1️⃣ Patience First – Confirmation is King Do not rush into the market. Entering without confirmation is not trading, it’s guessing. 2️⃣ Primary Setup Look for a liquidity sweep near 119,486, followed by a rejection. If confirmed, take a short position targeting 117,849 initially. 3️⃣ Alternative Setup If the market fails to push higher and breaks below 117,849 directly, wait for a clean retest, then short toward the 115,380 POI. ❗️Note: Avoid FOMO. Let the market validate your bias. Precision always beats prediction.