🐋 BTC Update: Don't FOMO at $97k! Wait for "Thursday Mitigation".
Retail traders are busy chasing prices (FOMO) seeing the rise to $97,000 today, but Smart Money is instead preparing to set traps below. Let's analyze the structure
$BTC with an institutional perspective.
📉 Market Context (4H Structure):
Price has just made an impulsive move (long green candle). We must not enter at the peak. We are waiting for price to retrace to close the lingering Imbalance (FVG).
Zone $95,500 - $95,800 is a key magnetic zone we must watch.
Why? Because this area is a Breaker Block that previously acted as resistance, and now must be tested as support. Whales need price to return here to fill their remaining buy orders.
🔍 Zoom In (M15 - Scalping Perspective):
Bullish momentum is starting to saturate around $97,700 (today's high).
Monitoring Zone (POI): $95,800 (central area of 4H FVG).
Scenario: I'm waiting for price to slowly decline (corrective) into that zone, then look for a Change of Character (CHoCH) on M5 for confirmation of reversal.
Invalidation: If the 4H candle closes back below $94,000, the short-term bullish structure breaks and we must stay alert.
🧠 Whale Mindset:
Institutions don't buy when prices are soaring green. They buy when retail traders grow bored or fearful due to a slight price drop (retracement).
Patience is key. Let price come to our zone.
What's your plan? Still brave to go Long or waiting for a correction first? 👇
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