BTC Hits the Weekly FVG & 2nd Daily Gap

Now that BTC has finally hit the Weekly FVG as well as the 2nd Daily Gap, we are now waiting for price action to touch the 0.50 Fibonacci, which will render BTC's price action in Discount territory.

I now expect price action to make a full reversal in a bullish move after the 0.50 Fibonacci, has been touched and after some amount of sideways price action.

Although there is no EMA cross as yet and we still see a bearish trend, I'm not expecting BTC to drop below $52,000 USD.

This chart is a continuation of my previous chart here: