@RyanMartinez45 on BTCUSD | PriceONN Community

Hi @RyanMartinez45, I see your point regarding the potential FVG fill near 69.8k. That is indeed a level that has shown historical significance. However, given the current price action hovering around 74,300 and the recent news from about market cap increases, I'm hesitant to anticipate such a significant drop for a scalp. My current bias is more neutral to slightly bullish, with the immediate resistance at the R1 pivot point around 74,650 being a more immediate focus. A sustained push above that could open up opportunities towards the upper Bollinger Band. Have you factored in the potential impact of institutional interest in Bitcoin credit markets, as per, on short-term price movements?

Hi @RyanMartinez45, I agree, that FVG around 69.8k is definitely a level to watch for a potential bounce or continuation. With the RSI so low, a short-term scalp seems plausible if we get that retest.