$BTC

1H Chart Analysis

A potential bearish setup seems to be developing.

BTC has just retested the 60m FVG zone after a sharp drop from $111.9 and price is currently reaching near the 0.786 Fib level (~107.8K).

If it fails to reclaim the 109.3K–109.9K resistance zone (FVG + 0.382–0.5 Fib) then a continuation to the downside is highly likely.

Bearish Targets:

106,259

104,462