$BTC Top-Down AnalysisCRYPTOCAP:BTC Top-Down Analysis
Currently, CRYPTOCAP:BTC is bearish on every timeframe from Weekly down to 30m TF.
Now let’s talk about where and when possible reversal could happen and which zones act as potential demand or supply areas.
(This is a technical analysis only not financial advice.)
Demand Zone (Potential Reversal Area)
On Weekly TF, there’s a bullish order block (OB) marked on chart below green box around $97K – $92.8K.
I personally believe CRYPTOCAP:BTC could tap this zone before forming new higher high.
Now, why this zone? Let’s count confluences:
1- Previous strong low liquidity zone.
2- Weekly, 3D, and Daily bullish OBs aligned.
3- Breaker block confirmation.
4- 4H accumulation zone.
All these line up perfectly in same region making it a high-probability demand area.
Possible Buy Setup
Yes, buys can be taken from this zone,
but only after confirmation otherwise it’s risky.
Your invalidation point should be a Weekly candle close below this OB.
For a proper reversal signal, wait for:
1- 1H / 4H CHOCH (Change of Character)
2- Or a bullish OB to form on the Daily TF
Supply Zones
Now let’s talk about supply zones.
On Weekly TF, as of now, there’s no supply zone.
But if current weekly candle closes below the wick of October 10th crash,
that will form a bearish OB turning into a potential Weekly supply zone.
On Daily TF, we already have two bearish OBs:
1- Around $109.5K
2- Around $113.8K
These are key resistance/supply zones to watch on any BTC rally.
Summary
1- Trend: Bearish across all TFs
2- Demand Zone: $97K – $92.8K
3- Supply Zones: $109.5K / $113.8K
4- Reversal Confirmation: 1H / 4H CHoCH or Daily Bullish OB
5- Invalidation: Weekly close below demand OB
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