🚨 $BTC /USDT – Rebound or Fakeout? Key FVG Level Under Test! 🔍
📊 Current Price: $106,238.41 (+0.61%)
📍 Support: $104,558
📍 Resistance: $106,600–106,800 (multiple FVGs)
📈 Market Structure:
Bearish CHoCH from May 28 led to a steep drop
Multiple BOS (Break of Structure) during sell-off
Currently testing fresh FVG resistance after reclaiming $105,000 zone
Weak recovery unless it breaks above red FVG blocks
🎯 Trade Setup:
Bullish Scenario:
Entry: $105,900–$106,100 (minor pullback or flip of FVG)
TP1: $106,800
TP2: $107,500
SL: $104,900
🧠 Why This Setup Matters:
Price is reacting directly at a key FVG zone after a BOS
Volume divergence shows weak push up – watch for confirmations
Perfect zone for either a scalp short or confirmation long
💡 Pro Tip: Wait for a 15M candle close above the upper FVG block for longs. No breakout? Plan a quick rejection play.
Comment “$BTC READY?” if you're eyeing the next move!