Bonnie80

$BTC #MarketPullback
🔍 Market Structure

Market is currently bearish on M15—clear lower highs & lower lows.

The recent sharp drop broke the previous internal structure low (BOS to downside).

Price is retracing back into a Premium zone, likely to mitigate supply before continuation down.

📌 Key Zones

Supply Zone #1 (Strong)

Around 91844–92270

This zone aligns with:

Trendline retest

Previous FVG / imbalance fill

Last bearish order block before the selloff



Reaction Point

Price is currently below that zone and rejecting aggressively.

Expectation: price to return to the supply zone for mitigation, then continue dropping.


🏹 Expected Move

Bearish Scenario (Most probable)

Price pulls back to 91800–92200 area

Forms CHoCH or BOS on lower timeframe (M1–M5)

Sell continuation toward lower liquidity targets:


Targets

90500

90150

89718 (Liquidity sweep level shown on your chart)




SMC Elements Visible on Chart

SMC Concept Confirmation

Trendline liquidity Yes, diagonal line acting as inducement
Supply zone Clear & unmitigated
Break of structure Confirmed BOS down
FVG / Inefficiency Exists inside supply area
Liquidity below Sell-side targeted beneath recent low

$BTC