BTC Daily AnalysisBitcoin / US DollarCOINBASE:BTCUSDTRW300Price action appears to be mean-reverting based on the Fibonacci tool I placed on the daily time frame. The daily narrative remains bearish, with price testing the 1.2 Fibonacci level once again. Whether it closes above or below that level is still uncertain and will become clearer later. If price closes below the 1.2 level with strong bearish momentum and a decisive candle close, it would suggest that sellers remain in control today, and there is potential for bearish continuation tomorrow. I expect price action to remain choppy for some time before making its way back toward my daily FVG, where I will be watching closely for a reaction. Logically, it makes sense for price to revisit that area because there is a daily FVG and the imbalance was created by a very aggressive move. The mean appears to be closer to the previous level around 74K. However, the bands have flipped red, which supports the bearish narrative. For price to reverse bullishly, it will likely take some time unless a strong reaction occurs at a key level.