CryptoPatel

Bitcoin Ready For $28,000 As per SMC Chart Analysis

Short
OANDA:BTCUSD   Bitcoin
BITCOIN Urgent Weekly Chart Update

Weekly Chart Analysis:

Order Block (OB) 1: $42,000 - $38,000
First Fair Value Gap (FVG): $47,557
Order Block (OB) 2: $28,000 - $26,400
Second FVG: $33,802
Potential Scenarios:

We could see a fill of the first OB and FVG before a new upward rally.
Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000.
Spot Entry Levels:

Entry 1: $47,600 - $41,600
Entry 2: $33,900 - $27,000
Targets: $100,000 / $150,000 / $180,000
This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally.

Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice.

Stay alert and trade wisely.


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