It becomes very important to find the buying and selling points for Bitcoin with the help of the Smart Money Concepts (SMC) while trading in an unpredictable environment. Based on the chart presented above, some of the key levels include BOS and CHoCH that will be helpful in making of trading decisions with regard to the trend in the market. Picture from trading view

Buy Levels

Buy levels on the other hand are areas which the price is predicted to reverse up after getting support at that zone. In the chart, the highlighted level is the substantial buy level near the “Weak Low” close to $50k. This level has been supported many times in one way or another as we are about to see in this paper. Buy orders are placed here by traders who apply the SMC method, as the price is expected to bounce back soon. The BOS at lower levels also support the theory of an increasing market structure as one towards the bullish direction thus urging the traders to buy at these levels.

Sell Levels

Selling price is the level of price at which there is a possibility that the price will be resisted leading to its probable decline. There is a sell signal at the extreme level the “Strong Highs” which is near $73,777 which has previously been a big barrier to the price. This resistance zone is useful to traders who want to book their profits and take their profits out of the trade. As for the multiple CHoCH markers being quite high in the higher price level, it may also signify the changing trader positioning in the sense that its place suggests traders are advised to go short the market.

Conclusion

In addition, a trader has the opportunity to use the concept of buy and sell levels in the framework of relative measurements according to the SMC method when entering the Bitcoin market. With the knowledge of support and resistance zones discovered, and structural breaks and characters noticed, different price shifts can be anticipated. Using the critical points to place a buy and sell order it becomes possible to increase the prospective of the trade and the possible degree of risk.