#BTC HTF 1W:

Price is currently holding steady at the key support level of 24277 (green line) while continuing to adjust the daily fair value gap (FVG).

Although the current FVG (grey) provides support, you may notice that the previously gray FVG is now purple. I change the color of FVG when we reverse them, which in this case means a close below that level. This is now seen as resistance and provides a good target for short setups in the lower time frame (LTF).

From a weekly perspective, I would need to see prices close above this to resume any bullish signals. And if the price falls below that level, I would be pessimistic about this time frame.