BTCUSD 4H

On the Bitcoin 4-hour chart, the strong bullish trend that originated near 65,000 USD has encountered significant resistance after sweeping the Buy-side Liquidity (BSL) around the 82,500 USD peak. From an SMC (Smart Money Concepts) perspective, the aggressive rejection from the highs has led to a Change of Character (CHoCH) following a candle close below the 79,200 USD internal swing low. This indicates that the market structure has shifted into a corrective phase. Currently, price is moving away from the Premium zone towards the Discount zone. A significant Bullish Order Block (OB) resides between 75,500 and 76,200 USD, which acted as the origin for the last major expansion; this zone is our primary interest for a potential reversal. There are also notable Fair Value Gaps (FVGs) left in the wake of the recent decline, which may serve as future upside targets. Our short-term outlook remains bearish as the price seeks Sell-side Liquidity (SSL) and rebalances towards the demand cluster near 75,500 USD. 

(Not Financial Advice)