BTC/USD) rejected point analysis Read The Chaptian

SMC Trading point update


This chart presents a bearish short-term technical analysis for Bitcoin (BTC/USD) on the 2-hour timeframe. Here’s a breakdown


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Key Observations:

1. Downtrend Structure:

Price is forming lower highs and lower lows.

A clear downtrend is marked on the chart.



2. Rejection Zone:

The yellow highlighted area near $83,800–$84,000 is labeled as a “rejected point.”

Price touched this zone and got rejected again, confirming resistance.



3. 200 EMA (Exponential Moving Average):

The 200 EMA is at $82,291, acting as dynamic resistance. Price is currently below it, reinforcing bearish momentum.



4. Support Level / Target:

The yellow box at the bottom around $74,559 is marked as the support zone and target level.

This is the previous low and aligns with the lower boundary of the descending channel.



5. RSI (Relative Strength Index):

RSI is showing a potential bearish divergence and is pointing downward, suggesting weakening bullish momentum and a likely move lower.


Mr SMC Trading point


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Trade Idea:

Bias: Bearish

Entry: Around $81,300–$82,000 (after rejection confirmation)

Target: $74,559 (support level)

Stop-loss: Could be placed just above the rejection zone, around $84,000



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