Bitcoin

[BTCUSDT] Bearish Bias · Techincals → ICT Concepts

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Fundamental Point of View:
We just had neutral data for FOMC.
We might get a strong nfp for usd.

Technical Point of view

We have a strong Resistance of 8100 If it stays strong we can see a little bearish pressure till 71k.
Better Sells are after a retest of POI.
setup fails if we break POI and break a new higher high in a small Time Frame like 1H or 15m.

**Key notes to keep in mind:**

1. BTC is already in a bearish trend.

2. we have broken a 4H Low which is the POI now and might get retested times before playing the sell move again.

3. we can look for 57K in this week or next week

**Current Market Overview:**
Technically we have broken our last Low and its now a point of interest for sellers.

Fundamentally we are bearish as we dont

lets take a look at different Time frames

**1Week TF:**
We have a strong POI for sellers at 72k If price touches it and stays strong we can see a little bearish pressure till 57k.
Better Sells are after a retest of POI.
setup fails if we break POI and break a new higher high in a small Time Frame like 1H or 15m.

**1D TF:**

We have POI close which will be triggered today for sellls. and sell side liquidity might taken out.

**4H TF:**
keeping eye on the candle breaks we have clean range on the left side.

**1H TF:**
we are currently at no trading zone but will see reaction when it starts moving

**Overall Scenario:**

we are looking for Sells only if we are respecting the 4H POI and breaking Sell side liquidity is another opportunity to trade.

**How will setup fail?**

simple if 4H Poi is broken and a small higher high breaks in 15 min or 1H.

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