Bitcoin is showing signs of a short-term pullback after tapping into a Fair Value Gap (FVG) zone, triggering a potential short setup. Price is likely to retrace toward the bullish order block and retracement zone around 105,000–110,000. If that area holds, we could see a strong bounce back toward the 123,000 level.
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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.