🚨 BTC UPDATE: Monthly FVG in Focus 🚨
Bitcoin has officially closed the monthly candle, and the chart now shows a Monthly Fair Value Gap (FVG) and imbalance above the current price. This is an important technical zone that could act as a magnet for price in the coming days or weeks.
My current expectation is that BTC will first move higher and trade into that imbalance area. What happens there will likely determine the next major direction.
🔴 If price reaches the zone and shows a strong rejection, with clear bearish reaction and loss of momentum, I’ll be looking for short opportunities.
🟢 If price enters the zone and holds above it, showing acceptance, strong candles, and continued buying pressure, then I’ll shift to looking for long opportunities instead.
The key is not to predict blindly, but to wait for confirmation from price action. This area could become the decision point for Bitcoin’s next significant move.
#BTC #Bitcoin #Crypto #BinanceSquare #Trading #FVG #priceaction #MarketUpdate $BTC BitcoinNews CryptoUpdate
Bitcoin has officially closed the monthly candle, and the chart now shows a Monthly Fair Value Gap (FVG) and imbalance above the current price. This is an important technical zone that could act as a magnet for price in the coming days or weeks.
My current expectation is that BTC will first move higher and trade into that imbalance area. What happens there will likely determine the next major direction.
🔴 If price reaches the zone and shows a strong rejection, with clear bearish reaction and loss of momentum, I’ll be looking for short opportunities.
🟢 If price enters the zone and holds above it, showing acceptance, strong candles, and continued buying pressure, then I’ll shift to looking for long opportunities instead.
The key is not to predict blindly, but to wait for confirmation from price action. This area could become the decision point for Bitcoin’s next significant move.
#BTC #Bitcoin #Crypto #BinanceSquare #Trading #FVG #priceaction #MarketUpdate $BTC BitcoinNews CryptoUpdate