🏳️ BTC Update — Bounce first, then drop? 🏳️
BTC is trading around $64,400 after a sharp rejection from higher levels. The 4H structure shows a strong bearish impulse down, and this move up looks more like a retracement bounce than a full trend reversal.
What I’m watching (4H)
✅ Inversion idea: BTC broke above the previous 4H bearish FVG, and now that zone can flip into support on retest. Price is reacting there, but the bounce still feels weak — not strong continuation.
Upside magnet
📌 $65,000 zone = clear 4H bearish FVG
This is the origin of the last heavy dump, so price often comes back to retest it.
Most likely scenario: BTC pushes to $65K first.
Key downside support
📌 $63,000 zone = 4H bullish FVG
This area is holding as short-term support. If BTC taps $65K and gets rejected, it can rotate back down to $63K again — and if that breaks, downside opens further.
My bias
Right now, structure says corrective bounce → then sellers step back in.
Unless BTC shows strong acceptance above $65K, the broader bias stays bearish.
Plan:
Watch reaction at $65K
Rejection = likely move back to $63K (or lower)
Thanks for the support 🤝
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