BTC just printed another lower low on the daily, and this selling pressure is something we haven't seen in a while. The moves are getting more aggressive, the bounces are getting smaller, and the structure is clearly favoring the downside.
That said, the daily bearish FVG is still sitting there as the closest technical rebound target. When price drops this hard this fast, a relief bounce into that zone is the most logical next step — not because the trend is reversing, but because markets don't move in straight lines forever.
My read is we get some kind of calm or consolidation first, maybe a dead cat bounce into that FVG area, before the next leg lower continues. The bear market cycle thesis is still intact, and this type of capitulation selling usually needs a breather before finding the real floor.
Not looking for a long here — just expecting the selling to exhaust temporarily into that FVG zone. If you're short, that's where you start thinking about taking partials or trailing stops.
Are you expecting that FVG to get tapped for a relief bounce, or do you think this selling just keeps going without a pause?
