$BTC important update๐๐๐จ :
Bitcoin is moving with a descending triangle angle . Fair value gape (fvg).
Thereโs an FVG marked, which could indicate a possible area for price retracement.
. Change of Character (ChoCH): This could suggest a shift in market sentiment.
Support and Resistance Levels: Key levels are marked around $54,000 and $52,550 (support).
Given these indicators, possible next moves include:
โข Breakout Above the Channel: If Bitcoin breaks above the descending channel and reclaims the FVG zone, it might indicate bullish momentum.
โข Rejection from Resistance: If Bitcoin fails to break the channel or FVG, it could drop to test the support at $52,550 or lower.
Youโll want to watch for key reactions at the fvg zone and support/resistance area. Thanks
