Bitcoin tapped the 0.618 fib at ~$104,100 and front-ran the 1H demand zone. Now it's hovering at a decision point just beneath the 1H Fair Value Gap.
What to watch:
→ Price is pressing into FVG (104.4k–104.7k), aiming for acceptance.
→ Value area high sits at 104,275 – acting as pivot.
→ Break + hold above 104.7k? Clean path to 105.8k.
Plan:
Entry: 104.1k–104.3k
SL: below 103.6k
TP1: 104.9k
TP2: 105.8k (liquidity sweep)
Invalidation: Rejection from 104.7k = probable retest of 103k
Narrative flip potential:
Buyers are defending the mid-range + FVG. Breakout would shift market structure bullish on the lower timeframes.
"Acceptance above the gap = momentum reclaim."
What to watch:
→ Price is pressing into FVG (104.4k–104.7k), aiming for acceptance.
→ Value area high sits at 104,275 – acting as pivot.
→ Break + hold above 104.7k? Clean path to 105.8k.
Plan:
Entry: 104.1k–104.3k
SL: below 103.6k
TP1: 104.9k
TP2: 105.8k (liquidity sweep)
Invalidation: Rejection from 104.7k = probable retest of 103k
Narrative flip potential:
Buyers are defending the mid-range + FVG. Breakout would shift market structure bullish on the lower timeframes.
"Acceptance above the gap = momentum reclaim."
Smart Money signals. Hourly trades.
📍Telegram: t.me/smartflowblog
📍Telegram: t.me/smartflowblog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Smart Money signals. Hourly trades.
📍Telegram: t.me/smartflowblog
📍Telegram: t.me/smartflowblog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.