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#BTC & ETH Market Analysis#
Bitcoin/TetherUS (BTC/USDT) on the 1D timeframe.
The price is currently at $82,836.23, showing a 1.88% decline.
Swing Highs and Swing Lows are marked, indicating recent resistance and support levels.
The price has broken below a previous swing low, which suggests a bearish trend or a correction phase.
There is a Daily Bearish FVG (Fair Value Gap), suggesting potential resistance in that zone.
The price may seek next liquidity levels, likely near previous support areas.
Potential TP & SL Levels:
Short Position (Bearish Scenario)
Entry: Around the current price ($82,836.23) or wait for a small pullback.
Take Profit (TP):
First TP: $80,000 (next major swing low)
Second TP: $78,000 (stronger support zone)
Third TP: $74,000 (longer-term liquidity area)
Stop Loss (SL):
Around $86,000 - $87,000, just above