Bitcoin has been moving in a clear short-term bearish structure, forming lower highs and lower lows on the lower timeframes. Recently, price swept liquidity near the 66.5k–67k zone, which could indicate sellers are becoming exhausted.
The key level to watch now is the 68,010 level, marked as a potential new break line. If BTC manages to break and hold above this level, we could see momentum shift toward the upside.
Above price sits a Fair Value Gap (FVG) zone around 69.5k–70k, which often acts as a magnet for price as the market seeks to rebalance inefficiencies. A successful break and retest of the breakout level could lead to a move into this imbalance zone.
If bullish momentum continues, the next major target sits near 71,400, where previous resistance and liquidity are likely resting.
Key Levels:
Support / Break Level: 68,010
Fair Value Gap: 69,500 – 70,000
Bullish Target: 71,400
Scenario:
Break above 68,010
Retest for confirmation
Move into FVG zone
Continuation toward 71.4k resistance
As always, wait for confirmation and manage risk properly.
The key level to watch now is the 68,010 level, marked as a potential new break line. If BTC manages to break and hold above this level, we could see momentum shift toward the upside.
Above price sits a Fair Value Gap (FVG) zone around 69.5k–70k, which often acts as a magnet for price as the market seeks to rebalance inefficiencies. A successful break and retest of the breakout level could lead to a move into this imbalance zone.
If bullish momentum continues, the next major target sits near 71,400, where previous resistance and liquidity are likely resting.
Key Levels:
Support / Break Level: 68,010
Fair Value Gap: 69,500 – 70,000
Bullish Target: 71,400
Scenario:
Break above 68,010
Retest for confirmation
Move into FVG zone
Continuation toward 71.4k resistance
As always, wait for confirmation and manage risk properly.
Transaction en cours
FVG box placement are wrong, please just follow my moving idea. Thangs to all
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.