BTCUSDT 1H: Rejection at FVG & 0.618 FibonacciBTC is currently trading inside a key Fair Value Gap (FVG) while testing the 0.618 Fibonacci retracement around 60,518. This area aligns with a lower-high structure and acts as a potential bearish supply zone after the recent impulsive decline.
The market has already produced multiple Breaks of Structure (BOS) to the downside, suggesting sellers remain in control unless price can reclaim the resistance zone.
Key Levels
Resistance (FVG + 0.618 Fib): 60,500 – 61,100
Major Resistance Zone: 61,800 – 62,300
Current Midpoint (0.5 Fib): ~60,059
Demand Zone / Target: 58,100 – 58,500
Bearish Scenario
Price rejects from the FVG and fails to close above the 0.618 Fibonacci.
A lower high forms, confirming seller strength.
The next downside target is the 58.1K–58.5K demand zone, where buyers may attempt to defend.
Bullish Invalidation
The bearish outlook becomes weaker if BTC:
Closes above 61,100 with strong volume.
Reclaims the FVG and sustains above the 0.618 retracement.
Breaks above the 61.8K–62.3K resistance zone, shifting momentum back to buyers.
Trading Plan
Bias: Bearish
Entry: Wait for bearish confirmation inside the FVG.
Invalidation: Hourly close above the FVG/resistance.
Targets:
TP1: 59,500
TP2: 58,800
TP3: 58,200 (Demand Zone)
Note: This setup is based on Smart Money Concepts (BOS + FVG + Fibonacci confluence). Always wait for confirmation before entering and manage risk appropriately.
Short