🚀 BTCUSDT - 4H Chart Analysis 🚀
📊 Market Context:
Bitcoin recently experienced a sharp move, creating a Fair Value Gap (FVG) that price is now retracing into. The large gap in price action was influenced by recent economic uncertainty and speculation around Trump's tariffs.
📌 Technical Insights:
🔹 Price rebounded strongly from the support zone 📈.
🔹 Now approaching the FVG, where sellers may step in.
🔹 A potential lower high formation could lead to a continuation downward.
📉 Trade Expectation:
If price shows signs of rejection within the FVG, we could see a bearish move unfold towards previous support levels. The red arrow highlights the expected move if the resistance holds.
⚠️ Market Caution: Given the macroeconomic impact of recent events, volatility remains high. Always wait for confirmation before making decisions!
📢 Do you think BTC will reject this zone or push higher? Drop your thoughts below! 💬🔥🚀
📊 Market Context:
Bitcoin recently experienced a sharp move, creating a Fair Value Gap (FVG) that price is now retracing into. The large gap in price action was influenced by recent economic uncertainty and speculation around Trump's tariffs.
📌 Technical Insights:
🔹 Price rebounded strongly from the support zone 📈.
🔹 Now approaching the FVG, where sellers may step in.
🔹 A potential lower high formation could lead to a continuation downward.
📉 Trade Expectation:
If price shows signs of rejection within the FVG, we could see a bearish move unfold towards previous support levels. The red arrow highlights the expected move if the resistance holds.
⚠️ Market Caution: Given the macroeconomic impact of recent events, volatility remains high. Always wait for confirmation before making decisions!
📢 Do you think BTC will reject this zone or push higher? Drop your thoughts below! 💬🔥🚀
Trade active
didnt play out yet, its now going towards the 50% line!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.