Mr_Thomas1

This chart illustrates a Smart Money Concepts (SMC)–style analysis of Bitcoin on the 1-hour timeframe. SMC focuses on market structure, liquidity, order blocks, and institutional price behaviour. Below are the key elements visible on your chart: --- ## 1. Market Structure Shifts ### CHoCH – Change of Character * Signals the first hint that market direction may be shifting. * You have CHoCH markings showing a shift from bearish → bullish earlier, and now a potential shift from bullish → bearish. ### BOS – Break of Structure * Confirms continuation in the new direction. * BOS is shown after price breaks previous highs during the bullish move. --- ## 2. Liquidity Concepts ### BSL – Buy-Side Liquidity * Pool of stop-losses above previous highs. * Price wicks into this BSL area to collect liquidity before reversing. ### SSL – Sell-Side Liquidity * Liquidity resting under equal lows or major swing lows. * Your chart shows SSL as the downside target, suggesting price may sweep this area. --- ## 3. Order Blocks (OB) * Zones where institutional orders are likely positioned. * The OB marked near the local high acts as a potential supply zone where price may reject (start falling). --- ## 4. POI – Point of Interest * A refined zone where the analyst expects a reaction. * Your POI aligns with the supply region after liquidity is taken from the BSL. --- ## 5. FVG / Imbalance (Not labeled but visible) * The long impulse up created imbalances that price may return to fill. * Supports the idea of a deeper retracement. --- # 📉 Summary of the Chart’s Predictive Outlook This chart presents a bearish SMC setup: 1. Price runs Buy-Side Liquidity (BSL) above recent highs. 2. After collecting liquidity, price begins showing weakness near the POI. 3. A Change of Character (CHoCH) confirms loss of bullish strength. 4. Expectation: * Short-term pullback * Followed by a continuation downward 5. Final target: Sell-Side Liquidity (SSL) zone around 86k–87k * This includes an Order Block and major liquidity cluster. In simple terms: ➡ Price grabbed liquidity above the highs → showed a bearish shift → likely to drop toward the large liquidity pool below. What you think about it, write in the comment section.