This chart is a technical analysis of Bitcoin (BTC) against the US Dollar (USD) on the 1-day timeframe (BINANCE), with some key concepts and zones marked:
Key Features of the Chart:
1. Current Price:
$101,635.99 (as of June 5, 2025, at 21:38:23 UTC-4)
2. Bearish Fair Value Gap (FVG):
Located just below the 107,000 USD level.
This suggests a price imbalance where sellers may regain control if the price revisits this area.
3. Imbalance Zone:
Highlighted in gray around the 99,000–102,000 USD range.
Paired with a label “Sell side liquidity,” indicating potential stop-loss levels for long traders, often targeted by smart money.
4. Order Block (OB):
Found lower on the chart, marked in blue, suggesting a prior area of institutional buying interest.
This area is around 96,958.00 USD.
5. Key Support Zones:
$96,958.00 (upper OB level)
$93,408.29 (lower potential liquidity pool or demand zone)
6. Price Action:
A recent sharp down candle into the imbalance zone with a small rebound (indicating
Short-term: Price is currently reacting to an imbalance and liquidity sweep. A bounce from this level is possible.
Medium-term: If BTC retraces, it may fill the Bearish FVG around 107,000, but could face selling pressure there.
Downside risk: If price breaks below current levels, look for support near 96,958 and 93,408.#TrumpVsMusk #MarketPullback $BTC