empty
31.01.2025 07:38 PM
Analysis of Bitcoin through Smart money method

Hi, dear traders! Bitcoin has been trading sideways since November of last year. I have marked its borders between $90,928 and $108,272. Bitcoin could trade for an extended period within this range. The bears have been unable to apply significant pressure, causing Bitcoin to linger near the upper border of the range.

This image is no longer relevant

Key market observations

1. Deviations and liquidity sweeps

Bitcoin has formed two deviations near the lower border—a sign of liquidity sweeps within the range. These deviations often indicate a reversal in the opposite direction. Within sideways movement, the 50% and 100% levels of the range serve as key targets.

Besides, two red lines highlight liquidity sweeps from the last two structural swings, signaling a further rise. This rise did occur, but it ended near the upper border of the range.

2. Bearish order block & resistance

Another key element is the bearish order block that formed between December 16–18. Price retested this area on January 7, and now this order block acts as a strong resistance zone, alongside the upper border of the range.

Bitcoin's sharp rally last week broke through the order block, but the sideways channel remained intact. A deviation formed at the top, sweeping liquidity from the December 17 peak, followed by a pullback—as I predicted.

However, the current decline remains weak, even though Bitcoin has reached the midpoint of the range.

3. Bullish order block & potential retracement

The third key factor is the bullish order block, formed by a single Shooting Star candlestick on January 13.

As we know, no financial instrument or currency pair is obligated to return to order blocks or imbalances. However, from a technical viewpoint, it would be ideal if Bitcoin first revisited this order block before initiating a new rally (if one occurs).

Order blocks are manipulative price movements designed to sweep liquidity. Large players open knowingly losing positions to accumulate positions in the opposite direction and often retest the order block to exit at breakeven.

Bitcoin could soon retrace to the $94,000 level. Within the bullish order block, traders may look for buy setups on the 1-hour chart.

However, an order block is not an unachievable wall—a break below it would signal a structural shift, potentially sending Bitcoin into an extended downward move.

Market Sentiment & News Calendar

The news flow on Friday was weak, exerting no significant impact on Bitcoin's price.

Key US economic events:

14:45 UTC – US Manufacturing PMI

15:00 UTC – ISM Manufacturing PMI

On February 3, the economic calendar contains two major events, one of which is highly significant. The US economic calendar will have a moderate impact on the crypto market in the second half of Monday's session.

Forecast & trading recommendations on BTC/USD

Bitcoin reversed near the upper border of the range and inside the bearish order block.

I expect further declines in the near term, with targets at $99,000 and $94,000. The first target has already been reached. If Bitcoin falls to the second target, it will complete the retest of the lower order block, after which:

Bitcoin could break out of the range through the upper border.

The bullish order block could be invalidated, leading to a structural breakdown and an extended decline

A deviation has formed near the upper border of the range —which typically signals a liquidity grab before a move in the opposite direction.

Since major swing points are where many traders place their Stop Losses, large players utilize these liquidity levels for accumulation.

For now, bears have no obstacles on their way down, and they collected sufficient liquidity on January 20 to continue pushing Bitcoin lower.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

El Bitcoin y Ethereum se acercan a niveles críticos

La caída del mercado de criptomonedas continúa. Ya hoy, el Bitcoin y Ethereum han alcanzado niveles bastante críticos, cuya superación y consolidación por debajo podrían "enterrar" todas las esperanzas

Jakub Novak 11:33 2025-02-28 UTC+2

El colapso del mercado de criptomonedas continúa

La caída del mercado de criptomonedas ha tomado una forma más profunda. Ayer, Bitcoin perdió otro 6% en el momento, mientras que Ethereum cayó más de un 7%, pero luego

Jakub Novak 08:17 2025-02-27 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 27 de febrero

El Bitcoin alcanzó otro nivel importante en $82 200, después de haber realizado varios intentos fallidos de consolidarse por encima de $89 000 ayer. Ethereum, por su parte, actualizó

Miroslaw Bawulski 08:17 2025-02-27 UTC+2

Análisis del par BTC/USD. El 26 de febrero. El Bitcoin se durmió cerca de la cifra 96 y despertó cerca de la 88

La estructura de ondas en el marco temporal de cuatro horas para el instrumento BTC/USD es completamente clara. Después de una estructura correctiva larga y compleja a-b-c-d-e, que se formó

Chin Zhao 08:51 2025-02-26 UTC+2

Recomendaciones para operar con criptomonedas el 24 de febrero

El Bitcoin se mantuvo bajo presión durante todo este fin de semana, sin lograr superar la marca de los $96.000, lo que podría llevar a una mayor venta

Miroslaw Bawulski 08:35 2025-02-24 UTC+2

El Bitcoin y el Ether tienen problemas evidentes

El mercado de criptomonedas sigue poniendo de los nervios a inversores y operadores. El Bitcoin lleva una semana sin poder superar los 100.000, mientras que el Ether es objeto

Jakub Novak 08:35 2025-02-24 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 21 de febrero

El interés en el Bitcoin y el Ether se mantuvo durante la sesión de ayer. A pesar de las ventas activas al inicio de la sesión americana, el Bitcoin

Miroslaw Bawulski 08:59 2025-02-21 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 20 de febrero

La demanda de Bitcoin y Ether ha regresado. Hoy, especialmente durante la sesión asiática, se observaron compras activas, de manera similar a lo ocurrido ayer. El Bitcoin ya ha sido

Miroslaw Bawulski 06:48 2025-02-20 UTC+2

El Bitcoin y el Ether cayeron aún más, pero no hay que preocuparse demasiado

El Bitcoin y el Ether cayeron ayer durante la sesión estadounidense, pero durante la sesión asiática de hoy se ha recuperado la mayor parte de la caída. Si bien

Jakub Novak 08:41 2025-02-19 UTC+2

El Bitcoin y el Ethereum siguen bajo presión

El Ethereum intentó recuperarse, mientras que el Bitcoin decidió que ya había hecho lo suficiente. Cuanto más tiempo permanezca BTC por debajo de los $100 000, mayores serán las probabilidades

Jakub Novak 08:52 2025-02-18 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.