$BTC | Monthly
We have tapped inside the Monthly FVG and bounced for now on the LTF.
Given the historical behaviour around these FVGs, we should ideally see a bounce from here in the upcoming days, which should ultimately take us higher.
Now, we don't necessarily need to fill the FVG entirely in an impulsive market. Most of the time, even a small sweep is enough to trigger a reversal.
That said, we can still expect a retest of 79.2k in case we fill a bit more than just sweeping the FVG.
Overall, these are the Do or Die levels for bulls. Failing to hold this Bullish FVG will likely result in new lows.
We have tapped inside the Monthly FVG and bounced for now on the LTF.
Given the historical behaviour around these FVGs, we should ideally see a bounce from here in the upcoming days, which should ultimately take us higher.
Now, we don't necessarily need to fill the FVG entirely in an impulsive market. Most of the time, even a small sweep is enough to trigger a reversal.
That said, we can still expect a retest of 79.2k in case we fill a bit more than just sweeping the FVG.
Overall, these are the Do or Die levels for bulls. Failing to hold this Bullish FVG will likely result in new lows.
