🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#
(BTC/USDT)
Trend Analysis:
The price is currently around $83,413.
Bearish Fair Value Gap (FVG) is marked in red between $84,500 - $86,000, indicating a resistance zone.
Bullish FVG in the blue zone near $81,500 - $82,000, acting as a support area.
Swing High is seen around $87,000 - $88,000, and Swing Low around $81,500.
A Break of Structure (BOS) occurred, signaling a possible trend reversal.
Equilibrium Zone (~$82,000 - $82,500) could act as a potential retracement level.
Trading Plan:
Trend: Short-term bearish after rejection from the resistance (Bearish FVG).
Take Profit (TP) Levels:
TP1: $82,500 (Equilibrium)
TP2: $81,500 (Lower Bullish FVG)
TP3: $80,000 (Possible liquidity grab)
Stop Loss (SL):
SL: $85,500 - $86,000 (Above Bearish FVG & Swing High)
Conclusion:
If price rejects from the bearish FVG ($85,500 - $86,000), a short position can target the $82,000 - $81,500 range.
If BTC breaks above $86,000, the bearish setup is invalidated, and a long setup should be considered.