1. Market Structure
We can clearly see a series of lower highs and lower lows forming since mid-August โ indicating short-term bearish structure.
Recently, price reacted from the ~108,000 zone and is now pushing upward (current ~110,365).
๐ This looks like a short-term retracement inside a bearish structure.
2. Liquidity Pools
ICT always looks at where liquidity is resting:
Below: Thereโs resting liquidity under 108,000 & 106,500 levels (equal lows & consolidation points). Market makers may target this later.
Above: Clean equal highs around 112,500โ114,000 zone โ liquidity magnet on the upside.
๐ So both directions have liquidity, but price will usually seek one side first before reversal.
3. Fair Value Gaps (FVGs / Imbalances)
On the recent drop, large inefficiencies were created between 111,200โ112,000.
Current upward push may be filling that imbalance.
๐ This means BTC could climb into that FVG
4. Order Blocks
Bullish OB: Around 107,500โ108,200 (previous demand where price bounced).
Bearish OB: Around 112,000โ114,000 zone (last bearish move before drop).
๐ Expect price to revisit OB zones for confirmation.
5. Current Situation (ICT POV)
Market is retracing upward into imbalances + liquidity pools above.
Likely path: Sweep upside liquidity (112kโ114k) โ then potential downside continuation toward 108k or lower.
BUT if price closes strong above 114k, it shifts market structure bullish and could trigger expansion higher (towards 118k).
๐ฏ Trading Scenarios (ICT style)
Bullish Scenario (Short-term)
Price fills FVG toward 112kโ114k.
Watch for confirmation inside bearish OB โ rejection possible.
Bearish Scenario (Likely after liquidity grab)
Sweep highs (112kโ114k) โ rejection โ downside liquidity hunt toward 108kโ106.5k.
$BTC ๐ Conclusion (ICT view):
Right now BTC is in retracement phase, After that, smart money may take price lower to clean liquidity below (108kโ106k). Only a strong close above 114k changes this bearish bias.