Btc/usd) Beraish trend analysis Read The captionBitcoin / U.S. dollarBITSTAMP:BTCUSDSMC-Trading-PointSMC Trading Point Update Technical analysis of BTCUSD, 1D, SMC-style markup): ⸻ Current Structure • Price is around $72K • You’ve got: • EMA 50 (~70.7K) → acting as short-term support • EMA 200 (~83.2K) → strong higher-timeframe resistance • Market recently: • Broke down hard from the $90K–$95K range • Formed a range / consolidation after the drop This suggests we are in a bearish market structure (lower highs + displacement down). ⸻ Key Zone (Blue Supply Area ~80K–83K) • That highlighted zone aligns with: • Previous consolidation before the drop • EMA 200 • This is a high-probability supply / institutional sell zone If price returns there, expect: • Rejection • Liquidity grab above range highs • Continuation down ⸻ Current Price Action • Price is compressing under resistance • Small bullish push = likely a retracement, not reversal 👉 This looks like: Bearish continuation setup, not accumulation ⸻ Liquidity & Trap Idea Your drawn path suggests: 1. Small push up (liquidity grab) 2. Fake breakout / distribution 3. Sharp move down That aligns with: • Retail buying the “bounce” • Smart money distributing into strength ⸻ Downside Targets You marked: • $34,458 target That’s realistic if: • Macro bearish trend continues • No strong higher low forms Intermediate levels to watch: • ~$60K → minor support • ~$50K → psychological + structure • Then → full send to 30–35K zone ⸻ What Would Invalidate This Bearish Idea? • Strong daily close above 83K • Holding above that level (turning it into support) • Breaking market structure to the upside That would flip bias to bullish continuation instead. ⸻ Mr SMC Trading Point Summary • Trend: Bearish • Current move: Retracement / consolidation • Key resistance: 80K–83K • Bias: → Short from supply → Target lower liquidity (~50K → 35K) Please boost this analysis