🚨 $BTC Market Update 🚨
Based on current price action, Bitcoin has faced a clear rejection from the marked Breaker Block (BB). Above this level lies a 4H Fair Value Gap (FVG), which is acting as a strong resistance zone. Additionally, BTC is trading below a descending trendline resistance, while the current price is attempting to hold support at the marked 4H FVG.
📊 Market Structure & Momentum
Statistical and structural analysis indicates that sellers remain in control. Buyers have made multiple attempts to push price higher but have failed to reclaim key resistance levels, showing weak bullish strength at the moment.
📍 Current Scenario
Price is consolidating around support, and a short-term relief move toward 88.5k – 89.5k is possible. However, given the prevailing bearish pressure, further downside below the 4H FVG cannot be ruled out after this minor recovery.
📈 Bullish Confirmation Needed
For a shift in market bias, BTC must achieve a strong daily close above 92,200. Until then, rallies are likely to face selling pressure.
Trade with patience. Let the levels confirm the direction.
