BTCUSDT

Perp

78,408.2

+2.85%

$BTC everyone's bullish on the ceasefire news, but lets check the price action:

- sitting at the top of the range
- previous deviation reacted to weekly fvg, leaving daily fvg open
- now price reacts to that daily fvg and gets rejected 3 days in a row
- 1h shift just happened

$69k mid-range is the first target, $64-65k range bottom is the real target if that fails

news moves sentiment, not always structure. until btc breaks and holds above $73k, this looks more like a distribution zone than a breakout