The weekly candle close wasn’t ideal — price closed below the previous weekly low, failing to respect it as expected.
This now gives us two failed candle rejections from the Weekly Fair Value Gap (FVG):
The first rejection showed initial strength, but failed to follow through with a bullish expansion.
In a healthy bullish trend, price should create a new Bullish FVG quickly after retracing to a discount zone — and that didn't happen here.
What does this mean?
✅ As mentioned previously, our ideal scenario was a liquidity sweep of the previous weekly low followed by a close back above it, signaling strength — but we didn’t get that either.
Important Note:
A failed two-candle rejection from an FVG doesn’t automatically mean a bearish reversal. However, it increases the probability of seeing another drop to sweep the weekly low before a continuation higher.
📌 Keep in mind:
This remains a probability, not a certainty. We may still see $BTC continue higher without a sweep, but for now, we remain cautious and patient.
