FVG re-entry or fail – this level decides the tone.

Bitcoin tapped the 0.618 fib at ~$104,100 and front-ran the 1H demand zone. Now it's hovering at a decision point just beneath the 1H Fair Value Gap.

What to watch:
→ Price is pressing into FVG (104.4k–104.7k), aiming for acceptance.
→ Value area high sits at 104,275 – acting as pivot.
→ Break + hold above 104.7k? Clean path to 105.8k.

Plan:

Entry: 104.1k–104.3k

SL: below 103.6k

TP1: 104.9k

TP2: 105.8k (liquidity sweep)

Invalidation: Rejection from 104.7k = probable retest of 103k

Narrative flip potential:
Buyers are defending the mid-range + FVG. Breakout would shift market structure bullish on the lower timeframes.
"Acceptance above the gap = momentum reclaim."