Bitcoin Bounces From Discount Zone, Eyes TP2 Near 67,247

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Bitcoin Bounces From Discount Zone, Eyes TP2 Near 67,247BitcoinOANDA:BTCUSDZenTrade_SetupThe 4H BTCUSD chart shows Bitcoin working through a clear Premium/Discount range structure, a core concept in Smart Money Concepts trading. Price recently swept the Week Low, forming a Lower Low (LL) deep in the Discount zone, before reversing sharply through a series of confirmed BOS (Break of Structure) and CHoCH (Change of Character) signals — a textbook accumulation-to-markup sequence. This recovery carried price all the way back up to test the Major Supply/Resistance Zone (65,350–65,600), where it printed a Lower High (LH), signaling sellers were still active at this premium level. Following this rejection, price pulled back into the Buy Zone, an area between roughly 62,175 and 62,817 that aligns with prior demand and a fresh Fair Value Gap (FVG) left behind during the impulsive move up. Currently trading at 62,886.5, up 0.15% on the session, Bitcoin is showing a clean reaction from this Buy Zone, now labeled the Bullish Zone on the chart — suggesting smart money may be stepping back in for another leg toward the highs. The projected path outlines a stepped continuation, first working back toward the Major Supply Zone before attempting a breakout, with TP2 marking a target near 67,246.7 — fresh territory beyond the recent Strong High. From a risk management perspective, the key invalidation level is a decisive break below the Buy Zone (under 62,175). Such a move would suggest the discount reaction has failed and could open the door for a retest of the Week Low. For now, structure favors a bullish recovery from this demand zone, with traders watching for confirmation before targeting the supply zone breakout and TP2. Do you think Bitcoin will break through the Major Supply Zone this time and reach TP2, or will we see another rejection at the highs?