Rome8490
@t_Rome8490
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Bitcoin's recent price action shows a failure to establish a higher high after an attempted liquidation. The price encountered significant resistance around the $82,000 zone, leading to multiple rejections at this potential support level. Subsequently, there was a decisive break below the $82,000 zone, leaving behind a Fair Value Gap (FVG) in its wake. Following this breakdown, the price retraced back into this FVG, presenting a potential opportunity for a short-term sell entry. The targeted area for this trade is a lower order block situated around the $68,000 zone. This scenario suggests a bearish continuation bias after the failed breakout and the filling of the inefficiency created by the initial downward move.
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