Bitcoin has been consolidating within a defined range for months. Recently, a sell-side liquidity sweep indicated a potential reversal. Price is now reacting to a higher timeframe daily Fair Value Gap (FVG) and Optimal Trade Entry (OTE), sitting above a short-term high/buyside liquidity. If Bitcoin closes below this buyside level, it sets up a high probability retracement toward the next sell-side liquidity target at 58,000.
DYOR :)