🔥 BITCOIN AT CROSSROADS: 104k Rejection Signals Critical Retrace (Weekly TA)
$BTC 1W Chart | Key SMC/ICT Insights
$BTC Chart Markup
Annotations:
✅ 104.25k Bearish Rejection
🟢 88-90k FVG + Fib Support
🔴 95k Breakdown Trigger
⭐ 80k Institutional Bid Zone
CURRENT STRUCTURE
1️⃣ ATH Rejection
- Bearish weekly close -0.61% at 104.25k
- Wick = 2x candle body (classic exhaustion)
- Volume divergence → weak bullish conviction
2️⃣ Double Top Risk:
- Neckline at 95k (daily close below = confirmation)
- Target: **88k-90k** (unfilled FVG + 0.382 Fib)
### **WHY 88k-90k MATTERS**
- **ICT Fair Value Gap** (efficiency void)
- **Fib 0.382** of 2024-2025 rally
- **20-Week EMA** dynamic support
*→ High-probability reversal zone*
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### **CATALYSTS AHEAD**
- ⚠️ Fed rate decisions (dovish = BTC bid)
- ⚡ Bitcoin ETF inflows (defend 90k+)
- 🌪 SEC regulatory moves (volatility spike)
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### **STRATEGIC VIEW**
> *"Liquidity hunt to 90k likely before next leg. Bulls MUST hold 90k or risk 85k collapse. Shorts favored until 95k breaks.
