BTC is currently consolidating after a clear bearish leg, showing signs of a potential short-term retracement before continuation lower. Here's the breakdown:
1. Context & Structure:
- This is the 1H timeframe on BTCUSDT Perpetual Contract via Bybit.
- Price recently formed a local low around 83,200 following a strong bearish impulse.
- The market has now printed multiple internal structures within a downtrend, hinting at potential retracement moves before continuation.
2. Liquidity Sweep & Demand Reaction:
- We can observe a small liquidity grab beneath recent equal lows, which induced a bounce.
- This bounce marks a short-term bullish reaction that may be targeting inefficiencies left behind during the selloff.
3. Fair Value Gaps (FVGs) in Focus:
- Multiple FVGs are stacked on top of each other, starting from just above the 0.28 retracement level (around 84,000) and extending up to the 0.618–0.65 zone (~85,000–85,200).
- These imbalances are likely to be filled as price retraces into premium zones, offering ideal areas to monitor for weakness or reversal patterns.
4. Fibonacci Confluence:
- The 0.28 level aligns with a minor inefficiency and previous structure, acting as the first resistance area.
- The key retracement zone (0.618–0.65) lies within the upper FVG cluster, a high-probability reaction area for shorts in alignment with the current bearish market structure.
5. Projection Path:
- The expected path (light blue) shows price making higher highs short-term, sweeping internal liquidity while filling FVGs.
- Once the FVG and fib confluence area is met (especially near 85,200), bearish continuation is anticipated, likely forming a lower low beneath the current structure around 83,200.
6. Ideal Setup Considerations:
- This structure is best viewed as a bearish retracement setup within a broader downtrend.
- Watching for bearish order flow or lower time frame confirmations once price enters the FVG zones can provide short entry setups.
- No mention of SL or entry price here – this is a directional map, not a trade signal.
Summary:
This BTC 1H setup shows classic bearish market structure with clean inefficiencies left behind. The current bounce is expected to fill FVGs and potentially tag fib retracement levels before continuation lower. Patience in letting price reach the upper zones will be key for any short bias.
1. Context & Structure:
- This is the 1H timeframe on BTCUSDT Perpetual Contract via Bybit.
- Price recently formed a local low around 83,200 following a strong bearish impulse.
- The market has now printed multiple internal structures within a downtrend, hinting at potential retracement moves before continuation.
2. Liquidity Sweep & Demand Reaction:
- We can observe a small liquidity grab beneath recent equal lows, which induced a bounce.
- This bounce marks a short-term bullish reaction that may be targeting inefficiencies left behind during the selloff.
3. Fair Value Gaps (FVGs) in Focus:
- Multiple FVGs are stacked on top of each other, starting from just above the 0.28 retracement level (around 84,000) and extending up to the 0.618–0.65 zone (~85,000–85,200).
- These imbalances are likely to be filled as price retraces into premium zones, offering ideal areas to monitor for weakness or reversal patterns.
4. Fibonacci Confluence:
- The 0.28 level aligns with a minor inefficiency and previous structure, acting as the first resistance area.
- The key retracement zone (0.618–0.65) lies within the upper FVG cluster, a high-probability reaction area for shorts in alignment with the current bearish market structure.
5. Projection Path:
- The expected path (light blue) shows price making higher highs short-term, sweeping internal liquidity while filling FVGs.
- Once the FVG and fib confluence area is met (especially near 85,200), bearish continuation is anticipated, likely forming a lower low beneath the current structure around 83,200.
6. Ideal Setup Considerations:
- This structure is best viewed as a bearish retracement setup within a broader downtrend.
- Watching for bearish order flow or lower time frame confirmations once price enters the FVG zones can provide short entry setups.
- No mention of SL or entry price here – this is a directional map, not a trade signal.
Summary:
This BTC 1H setup shows classic bearish market structure with clean inefficiencies left behind. The current bounce is expected to fill FVGs and potentially tag fib retracement levels before continuation lower. Patience in letting price reach the upper zones will be key for any short bias.
Trade active
played out really wel! touch in the gp and straight down. Hope everyone took this one :)Trade closed: target reached
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MY LINKS
📈 Free Signals
bit.ly/3YxiRXr
💬 Discord Community
bit.ly/4jHHA3O
💵 Favorite Exchange
bit.ly/4lBeTXt
📈 Free Signals
bit.ly/3YxiRXr
💬 Discord Community
bit.ly/4jHHA3O
💵 Favorite Exchange
bit.ly/4lBeTXt
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.