BTC Technical Breakdown: FVG Retest Before Next Leg DownBitcoin / U.S. dollarBITSTAMP:BTCUSDfx_martin9Technical Breakdown Market Structure Shift (CHOCH): The recent aggressive sell-off broke below the previous higher low, confirming a Change of Character. This invalidates the short-term bullish momentum and opens the door for further downside. Resistance & Imbalance: Above current price action lies a major H4-FVG (4-Hour Fair Value Gap) and a clear Resistance line. This entire zone serves as a heavy supply area where sellers are waiting. Immediate Price Action (H1-FVG): Price is currently hovering just below a smaller H1-FVG. The drawn-out path outlines two primary bearish scenarios based on how price reacts to these imbalances. Trading Scenarios 📉 Scenario A: Immediate Rejection (Conservative Target) If price experiences a minor pullback into the H1-FVG and fails to break above it, expect a swift continuation downward to test the immediate liquidity pool at the TARGET line. 🔄 Scenario B: Deep Retest & Fill (Premium Short) If buyers push price higher to fill the H1-FVG, a deeper retracement into the H4-FVG / CHOCH level is likely. This would offer a highly favorable risk-to-reward (R:R) short entry as price mitigates the premium supply zone before reversing toward the ultimate TARGET. Key Levels to Watch Current Price: ~$78,383 Invalidation / Major Resistance: Upper boundary of the H4-FVG / Resistance line. Downside Target: The structural swing low marked as TARGET.