#BTC
BTC UPDATE:
As per the previous update, BTC pulled back exactly from its internal FVG (Fair Value Gap) and gave an upside move of approximately 2.35%. However, after that, it took a sudden rejection from its first resistance (FVG) and broke its previous low.
On higher time frames, BTC's structure now appears bearish, and on the 1-hour time frame as well, BTC is creating a bearish structure. It recently swept its previous low, and now it's possible that it may move up to fill the upper FVG between 104575 - 105280, from where a good short entry could be taken.
However, if it reaches this FVG, the stop-loss (SL) should be safely placed above this FVG at the high made yesterday (106485). Or, you can also wait for a confirmation on lower time frames before taking the entry when the price reaches the FVG.
