☕️ Scalping - $BTC - 11/04

PTKT from Wyckoff + SMC perspective on BTC/USDT H1 timeframe - 4 basic factors:
🔍 1. Current trend (Trend)
- The uptrend (uptrend) is still clearly maintained on the H1 timeframe. Price continuously creates higher highs (HH) and higher lows (HL) after the previous accumulation phase. The strongest bullish momentum appears after the breakout around ~69k → confirming large capital participation.
🧩 2. Price structure (Market Structure)
- Previously: Accumulation phase → Wyckoff markup (with SC, AR, ST).
- Currently: price is within the re-accumulation range above.
- Points appearing: Breakout attempts → BOS continuously in an upward direction
- Demand zone (OB/FVG) around 71.6k - 72.1k acting as short-term support
- Recent peak around 73k-74k is a supply zone (supply) requiring attention (with signs of light BC).
=> The structure remains bullish, but is testing the supply zone.
💸 3. Smart Money Flow (
- Volume spikes during upward pushes → signs of Smart Money absorption and price pushing
- Correction phases: Volume decreases → lack of real selling pressure
- Price rebounds quickly from demand and bounces up → signs of re-accumulation
- However: At the peak, a BC )Buying Climax( appears + mild reaction → warning of short-term distribution potential
🎯 4. Trading strategy insights )for reference(:
- Main scenario )prefer BUY(: Wait for price to retrace to zones: 72.1k - 71.6k )Demand/OB H1(
- Confirmation: Small BOS or strong rejection candles
- Entry: according to SMC )mitigation / FVG fill(
TP: 73.5k → 74.5k; SL: below demand zone
- Secondary scenario )SHORT SELL(: If price fails at 73k - 74k + signs of:
Break of CH down → Selling volume increases → possible scalp SELL back to around 72k
Summary:
- Trend: Clearly bullish
- Phase: Re-accumulation
- Strategy: Buy the dip, avoid FOMO at the top