#BTC☀️ BTC, this is what happened.
From your 1-hour BTC/USDT chart, here's a breakdown of the current market structure and what may happen next:$BTC
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### ✅ Current Observations:
1. Price Rejected at 0.618 Fibonacci Level (106188.75):
* This level is acting as strong resistance and aligns with the lower edge of an upper FVG zone.
* Price tapped into this zone and is showing signs of slight rejection.
2. Earlier Bounce from FVG (Green Zone):
* Price respected a bullish Fair Value Gap and showed a strong impulse upward from that demand area.
* That zone (around 104,200–104,500) is your support.
3. Current Candle:
* The current candle is large and bullish, but entering high resistance territory (106,000–106,700).
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### 📌 Next Key Levels:
| Level Type | Price Range | Expectation |
| ------------------ | ------------------- | ------------------------------------ |
| 🔼 Resistance Zone | 106,180–106,700 | Likely rejection / consolidation |
| 🔼 Resistance Zone | 107,160 (Fib 0.786) | Strong resistance if broken above |
| 🔽 Support Zone | 105,500 (Fib 0.5) | Retest possible if rejected |
| 🔽 Demand/FVG Zone | 104,200–104,500 | Strong support for long re-entry |
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### 📈 What’s Likely Next?
#### 📍 Scenario A – Bullish Continuation:
* If BTC breaks and closes above 106,700 (0.705 Fib and upper FVG zone), it can target:
* 107,160 (Fib 0.786)
* Possibly 108,000 area next.
#### 📍 Scenario B – Rejection from Current Zone:
* If price fails to close above 106,200–106,700, expect:
* Short-term pullback to 105,500 or even 104,800–104,200 FVG zone.
* That could provide another long opportunity if bullish structure holds.
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### 📊 Trading Plan:
* Long Setup (if bullish breakout):
* Buy above 106,700 with SL below 106,000
* TP: 107,160 / 108,000
* Short Setup (if rejection holds):
* Sell below 106,150 with SL above 106,750
* TP: 105,500 / 104,800
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