On the Daily timeframe, $BTC USDT is currently in a corrective phase following a strong bearish displacement. The recent price action shows a series of lower highs and a clear shift in momentum, indicating that the higher timeframe bias is leaning bearish.
After the initial selloff, price has started to consolidate in discount, forming a base that suggests a potential retracement is building. Within the ICT framework, this type of structure often leads to a corrective move into inefficiencies before the continuation of the primary bearish trend.
Two key Fair Value Gaps (FVGs) are visible above current price. The lower FVG represents a nearer-term target for a retracement, while the higher FVG sits deeper in premium and aligns with a stronger imbalance zone. These areas act as magnets, as the market seeks to rebalance inefficient price delivery.
The projected scenario shows price moving upward into the FVG zones, potentially tapping into internal liquidity and rebalancing the imbalance. Once this retracement is complete, the expectation is for a continuation lower, targeting Sell-Side Liquidity (SSL) below recent lows, potentially extending toward the 65k region and beyond.
From an execution standpoint, traders should wait for price to reach the FVG and then look for lower timeframe confirmation — such as a Change of Character (CHoCH) or Break of Structure (BOS) — to enter short positions in alignment with the daily bias.
Invalidation of this setup would occur if price breaks above the higher FVG with strong bullish displacement and begins forming higher highs, signaling a potential trend reversal.
This is not financial advice. Always manage risk and trade with confirmation.#BitcoinPrices #GoogleStudyOnCryptoSecurityChallenges #BTCETFFeeRace
