20260116 - BTCUSD on a crossroadBitcoin / TetherUSBINANCE:BTCUSDTchris_tahirFollowing a significant plunge from the record high, BTCUSDT significantly plunged to 80,600 before recovering. The recovery was pretty slow before eventually accelerating in the last 3 weeks. The price has hit the Weekly Bearish FVG at 96,043-98,944 but still remain below the area, suggesting the current long-term downtrend remain intact. If BTCUSDT fails to close above the bearish FVG, I think it may accelerate the downtrend toward the previous Sellside Liquidity at 80,600 before further falling to about 74,508. On the contrary, if BTCUSDT closes above 107,500, the high of the candlestick with the bearish FVG, the trend may reverse and start a new uptrend, aiming for the record high. In the meantime, the psychological resistance at 100,000 remains dominant in blocking the recovery.