BTCUSD Technical Analysis – Bearish Momentum Towards Fair Value BTCUSD Technical Analysis – Bearish Momentum Towards Fair Value Gap
Bitcoin is showing clear bearish pressure after rejecting from the previous resistance zone around 118,800 – 120,000. The market structure and smart money concepts indicate potential for further downside.
🔍 Key Observations:
Previous Resistance Respected: Price failed to break through the strong resistance zone marked near the 119,200–120,000 level, showing strong institutional selling interest.
Market Structure Breaks:
BOS (Break of Structure) and CHoCH (Change of Character) confirmed bearish shift.
Price has maintained lower highs and lower lows, signaling a bearish trend.
Liquidity/Fair Value Gap Zone: The market is currently targeting the liquidity/FVG zone between 116,400 – 116,100, which aligns with price inefficiency and unfilled orders.
Support Zone Ahead: A strong support zone is visible near 115,600 – 115,200. Expect a potential reaction or consolidation here.
📌 Strategy & Bias:
Short Bias Active until price reaches 116,116 (target).
Watch for possible bullish reversal signs in the support/FVG zone.
Ideal for scalp-to-swing short trades, with tight SL above recent EQH.
📚 Educational Notes:
Fair Value Gaps (FVG) indicate institutional imbalances and are often revisited by price.
CHoCH and BOS are early signals of smart money moves – always monitor them in confluence with volume and zones.
