Bitcoin is showing signs of continued weakness after multiple Fair Value Gap (FVG) rejections and a failed bullish attempt. 🔎 Market Insights: FVGs filled and rejected, indicating strong resistance around $83,500 - $84,000. Bearish structure intact, with price forming lower highs. Liquidity below $82,000 may get tapped before a bounce. 📉 Trade Setaup (Short Position) Entrey: $82,800 - $83,000 (small retracement) Target 1: $82,000 Target 2: $81,500 Stop Loss: $83,500 📈 Bullish Scenario: If BTC reclaims $83,500, we could see a push towards $84,500. 💡 Pro Tip: Look for bearish engulfing candles or rejections at FVGs before entering. 🔻 Is BTC heading for a deeper correction, or will bulls defend $82K? Comment below! $BTC #BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
⚠️ $BTC /USDT - Bearish Breakdown Imminent? 🔥
Bitcoin is showing signs of continued weakness after multiple Fair Value Gap (FVG) rejections and a failed bullish attempt.
🔎 Market Insights:
FVGs filled and rejected, indicating strong resistance around $83,500 - $84,000.
Bearish structure intact, with price forming lower highs.
Liquidity below $82,000 may get tapped before a bounce.
📉 Trade Setaup (Short Position)
Entrey: $82,800 - $83,000 (small retracement)
Target 1: $82,000
Target 2: $81,500
Stop Loss: $83,500
📈 Bullish Scenario:
If BTC reclaims $83,500, we could see a push towards $84,500.
💡 Pro Tip:
Look for bearish engulfing candles or rejections at FVGs before entering.
🔻 Is BTC heading for a deeper correction, or will bulls defend $82K? Comment below!
$BTC
#BTC