Bitcoin – Bullish Setup Forming After FVG Retest!

Hello Traders!
Bitcoin is currently showing signs of forming a bullish setup after rejecting lower levels. The price has created a clean FVG (Fair Value Gap) zone and is moving within a falling channel, suggesting a possible accumulation before the next leg up.

Key Observations:

• FVG Support: Price is likely to retest the FVG zone before a strong upward move.
  
  
• Falling Channel: The structure indicates potential breakout to the upside.
  
  
• RSI Divergence: Momentum indicators are showing signs of strength, supporting a bullish reversal case.
  
  
• Targets: The upside targets are marked at 116,360 – 117,380 – 118,394 levels.
  
  
• Invalidation: A breakdown below 111,627 would negate this bullish setup.
  

Rahul’s Tip:
Always wait for confirmation around the FVG zone. Entering too early may expose you to false breakouts. Risk management is crucial, especially in volatile assets like Bitcoin.

Disclaimer:
This analysis is for educational purposes only and not financial advice. Please do your own research before making any trading decisions.