Technical analysis by Ad_Brock4 about Symbol BTC on 13 hour ago

This TradingView chart shows the BTC/USD (Bitcoin to US Dollar) pair on the 1-hour timeframe, likely analyzed using Smart Money Concepts (SMC) — focusing on CHoCH (Change of Character), EQH (Equal Highs), EQL (Equal Lows), and liquidity zones. Here’s a breakdown: --- 🧭 Overall Structure: The chart depicts market structure shifts — changes between bullish and bearish phases. Multiple CHoCH (Change of Character) points indicate transitions in trend direction. --- 🔍 Key Zones and Labels: 1. EQL (Equal Lows) on the left side — a liquidity area where the market previously formed equal lows, often a sign of a potential liquidity grab. 2. CHoCH (Bullish) — marked by a green arrow — shows when bearish momentum shifted to bullish. 3. CHoCH (Bearish) — marked by a red arrow — indicates a shift back to bearish sentiment. 4. EQH (Equal Highs) — potential liquidity resting above these highs; price may reach here to "grab" liquidity. 5. Strong High — a resistant level that caused a major drop, showing a bearish control zone. 6. Weak Low — a liquidity target below which buyers may step in to push price up again. --- 💡 Market Outlook (Based on Labels): Current price: $108,363 After a bearish CHoCH, the market tapped into a weak low (possible liquidity sweep). Bullish arrows suggest an expectation of a reversal upward — possibly retesting previous highs near 120,000–125,000. Strong High zone could act as a major resistance if price pushes higher. --- 📈 Summary: Bias: Short-term bullish (after liquidity grab and bullish CHoCH) Target zone: Around 120K–125K USD Invalidation: If price breaks below the weak low (~100K) area. --- Would you like me to turn this into a trade setup summary (entry, stop-loss, and target zones) in proper SMC format?