BTCUSD Key Supply Zone Rejection – Bearish Target Mapped BTCUSD Key Supply Zone Rejection – Bearish Target Mapped (Educational Breakdown)
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🧠 Technical Analysis (1H Chart):
• Range Structure: BTCUSD is currently trading within a well-defined consolidation range between the Resistance Zone ($119,850–$120,591) and the Support Zone ($116,937).
• Volume Profile (VRVP): Volume is noticeably thick near the mid-range, suggesting accumulation/distribution behavior. Price is struggling to break above the value area high near $120K.
• Resistance Rejection: After testing the upper supply zone, price failed to sustain bullish momentum and is showing signs of exhaustion – a possible sign of institutional selling.
• Target Zone: If price rejects this resistance again, a strong move toward the target level of $117,260 is expected. This aligns with:
• Mid-range liquidity sweep
• Low-volume node (LVN) below current price
• Fair Value Gap fill near $117,200–$116,900
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🧩 Key Concepts Highlighted:
• Support & Resistance Mapping
• Volume Profile Readings
• Institutional Order Flow Bias
• Target Projection using Smart Money Concepts
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⚠ Educational Insight:
This setup is a perfect example of how to combine Volume Profile + Price Action to identify liquidity traps and smart entries. Always wait for confirmation near key zones — not every level breaks!
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✅ Trade Plan (Not Financial Advice):
• Watch for bearish engulfing/rejection wick at resistance
• Short entry below $119,000 with SL above $120,600
• Target: $117,260 / Final TP: $116,937 zone
