BTC/USD: H4 Order Block Retest – Target Buy-Side Liquidity (BSL)
1. Technical Context & Market Structure
Bottoming & Liquidity Sweep: Bitcoin swept sell-side liquidity near $62,500, followed by a clear CHOCH (Change of Character) and BOS (Break of Structure) above $63,750.
Upward Channel: Price held an ascending channel structure before breaking higher toward $65,250.
Current Zone: After a quick liquidity sweep, price has retraced into a key H4 Order Block (H4-OB) around $64,400 – $64,800, showing strong bullish reaction candles on lower timeframes.
2. Trade Setup Details
🟢 Bias: Bullish
🎯 Target (BSL): ~$65,300 (Taking out recent swing high buy-side liquidity)
📥 Entry Zone: $64,400 – $64,800 (Inside H4 Demand / Order Block)
🛑 Invalidation (SL): Below $64,000 (Below Sell-Side Liquidity / SSL)
3. Trade Plan & Execution Strategy
Bullish Scenario: As long as price respects the H4-OB and holds above the SSL ($64,100), we expect a push to clear the BSL ($65,300+).
Bearish Risk: A candle close below the $64,000 level invalidates the bullish SMC thesis, opening the door for deeper retests toward lower demand zones.