BTC/USD ICT – 24 July, 2025

30-Min Smart Money Analysis + Session Outlook + News Insight + ICT

1. Market Snapshot

Pair: BTC/USD
Timeframe: 30-Minute
Previous Day High (PDH): 120,190
Previous Day Low (PDL): 117,394
Current Price: 118,570
Current Range: ~2,800 pips

Price swept above PDH during Asia session and rejected sharply, followed by a reclaim of structure around NY midnight zone. The current consolidation is forming just under the Asia high, hinting at potential bullish continuation into London/NY.

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2. Smart Money Structure

BTC formed a classic liquidity raid above the previous day’s high (PDH – 120,190) during the early Asia session.
A strong rejection followed, pulling the market down below the PDH and into a rebalancing zone between 118,000–118,400.
The market then tapped into the PDL zone (117,394) around NY Midnight Killzone, forming a short-term low with strong bullish displacement.
Currently, price is building higher lows, suggesting smart money accumulation.

3. Session Outlook

Asia: Engineered liquidity grab above PDH, reversed into premium inefficiency.
London: Expected to seek buy-side liquidity above Asia high (119,250) and possibly push into the imbalance toward 119,800.
New York: Bullish bias remains valid if price holds above 118,200. A run on the intraday high or full fill toward PDH possible.
Reversal Zone: Only if NY closes below 118,000 with strong displacement.

4. Market Drivers & News Outlook

Traders awaiting Friday’s U.S. Core PCE and GDP numbers, both high-impact events.
USD showing early signs of weakening, giving crypto room for upward retracements.
No new regulatory shocks for BTC today; sentiment is mildly risk-on.

5. Trade Plans

Bullish Bias

Entry Zone: 118,200–118,400 (OB + Reclaim of PDL)
Target 1: 119,300 (Asia High)
Target 2: 119,900–120,100 (Imbalance fill + PDH)
Stop: Below 118,000

Bearish Bias

Invalidation: Break and close below 118,000 with volume
Target: Sweep of 117,400 liquidity and run toward 117,000–116,800 zone

6. Final Bias – ICT Narrative

The market has swept both PDH and PDL in textbook ICT style. Price has reclaimed bullish structure after liquidity raids. Unless NY reverses strongly, we maintain a bullish bias for BTC with targets set around the Asia High and full return to PDH. All eyes on NY open for confirmation.