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(BTC/USDT)
Trend Analysis:
The price is currently around $83,413.
Bearish Fair Value Gap (FVG) is marked in red between $84,500 - $86,000, indicating a resistance zone.
Bullish FVG in the blue zone near $81,500 - $82,000, acting as a support area.
Swing High is seen around $87,000 - $88,000, and Swing Low around $81,500.
A Break of Structure (BOS) occurred, signaling a possible trend reversal.
Equilibrium Zone (~$82,000 - $82,500) could act as a potential retracement level.
Trading Plan:
Trend: Short-term bearish after rejection from the resistance (Bearish FVG).
Take Profit (TP) Levels:
TP1: $82,500 (Equilibrium)
TP2: $81,500 (Lower Bullish FVG)
TP3: $80,000 (Possible liquidity grab)
Stop Loss (SL):
SL: $85,500 - $86,000 (Above Bearish FVG & Swing High)
Conclusion:
If price rejects from the bearish FVG ($85,500 - $86,000), a short position can target the $82,000 - $81,500 range.
If BTC breaks above $86,000, the bearish setup is invalidated, and a long setup should be considered.