Bait.Asia

  Crude Oil Technical Analysis: Is a Major Reversal Looming in the Buying Zone? In the world of commodities trading, patience is often the difference between a blown account and a windfall. Looking at the current daily chart of USOIL , we are seeing a classic setup involving liquidity sweeps and a strategic descent toward institutional "demand zones." Here is a breakdown of what the charts are telling us and why the upcoming weeks could be pivotal for Oil traders. 1. Market Context: The Hunt for Liquidity The provided chart highlights several areas marked with "$$$" , which represent Liquidity Pools . In Smart Money Concepts (SMC), price moves to these areas to collect orders before making a significant move in the opposite direction. Currently, we see that the market has successfully swept the buy-side liquidity (the previous highs) and is now gravitating toward the sell-side liquidity located in the lower price brackets. 2. Key Technical Zones to Watch The SMT Zon...

  The current Bitcoin (BTC/USD) daily chart reveals a significant shift in market structure as price approaches a critical demand area. After hitting historical peaks, the market is now testing the resilience of lower support levels. Key Technical Observations Supply Constraints : Strong overhead resistance is visible in the $105,000 and $120,000 regions, marked by purple supply zones where sellers previously dominated the market. Current Price Action : As of the latest data, BTC is trading at $76,448.81 , showing immediate downward pressure toward the next psychological support. Liquidity Pools ($$$) : The chart highlights specific price levels (near $80,000 and $90,000 ) marked with "$$$" symbols. These represent "Sell-Side Liquidity," suggesting that the market may hunt these stops before establishing a new trend. Critical Support : A major support floor is identified around $74,461.56 . This level is crucial for bulls to maintain the long-term upward trajecto...