Market Context:
Bitcoin (BTC) continues its retracement phase following a sharp decline, now approaching a high-probability reaction zone. Price is climbing back toward a previously identified Fair Value Gap (FVG), positioned within the premium Fibonacci retracement levels, suggesting a potential area for distribution and bearish continuation.
Technical Breakdown:
- Price bounced off a well-defined support zone, beginning a recovery toward the 0.618–0.65 Fibonacci zone, where the FVG exists.
- An additional Inverse Fair Value Gap (IFVG) has now formed just beneath the FVG zone, creating a dual-layer of imbalance—offering even more potential confluence for a reversal.
- A short position idea is highlighted with a trigger condition: **“If the gap inverses, possible short entry”**—meaning traders are looking for the IFVG to act as resistance following the FVG reaction.
Price Behavior & Trade Setup:
The green path illustrates the anticipated move higher into the FVG zone, likely grabbing liquidity above recent highs. Should price tap this supply zone and then reject into the IFVG, it would present an ideal scenario for a short entry confirmation.
Key Considerations:
- The presence of both FVG and IFVG increases the likelihood of strong resistance forming in this region.
- Rejection at this level would imply smart money distribution, and a renewed bearish leg could develop.
- Patience is key here—entry should only be considered if the IFVG confirms its role as resistance following the sweep into FVG.
Conclusion:
BTC is in a critical retracement phase, and the overlapping FVG and IFVG zones mark a high-confluence area to watch. If price shows weakness after filling the gap, it sets up a clean short opportunity targeting a return to lower support levels. Until that bearish confirmation appears, bulls still have short-term control, but risk is growing as price approaches imbalance zones.
Bitcoin (BTC) continues its retracement phase following a sharp decline, now approaching a high-probability reaction zone. Price is climbing back toward a previously identified Fair Value Gap (FVG), positioned within the premium Fibonacci retracement levels, suggesting a potential area for distribution and bearish continuation.
Technical Breakdown:
- Price bounced off a well-defined support zone, beginning a recovery toward the 0.618–0.65 Fibonacci zone, where the FVG exists.
- An additional Inverse Fair Value Gap (IFVG) has now formed just beneath the FVG zone, creating a dual-layer of imbalance—offering even more potential confluence for a reversal.
- A short position idea is highlighted with a trigger condition: **“If the gap inverses, possible short entry”**—meaning traders are looking for the IFVG to act as resistance following the FVG reaction.
Price Behavior & Trade Setup:
The green path illustrates the anticipated move higher into the FVG zone, likely grabbing liquidity above recent highs. Should price tap this supply zone and then reject into the IFVG, it would present an ideal scenario for a short entry confirmation.
Key Considerations:
- The presence of both FVG and IFVG increases the likelihood of strong resistance forming in this region.
- Rejection at this level would imply smart money distribution, and a renewed bearish leg could develop.
- Patience is key here—entry should only be considered if the IFVG confirms its role as resistance following the sweep into FVG.
Conclusion:
BTC is in a critical retracement phase, and the overlapping FVG and IFVG zones mark a high-confluence area to watch. If price shows weakness after filling the gap, it sets up a clean short opportunity targeting a return to lower support levels. Until that bearish confirmation appears, bulls still have short-term control, but risk is growing as price approaches imbalance zones.
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