Using Fair Value Gaps (FVGs) and Change in State of Delivery (CISD) concepts, we can break down #bitcoin☀️ $BTC

4-Hour Time Frame Analysis (FVG and CISD):

1. Fair Value Gaps (FVGs):

Looking the chart, there seem to be unfilled gaps just below the current price level around 67,000. This gap could act as an area of liquidity or a point where the market could revert to fill those imbalances.

The upward movement suggests that there are unfilled gaps in lower price levels (likely between 65,000 to 66,000) that may act as potential reversal zones if the market retraces.

2. Change in State of Delivery (CISD):

In your chart, the most recent CISD indicates a bullish shift around 64,000-65,000. This suggests that this level may act as a critical support zone.

Specific Entry Position Based on the Chart:

1. Current Price: Price is at 67,946.

2. Entry Point Using FVGs:

Wait for price to retrace into the Fair Value Gap between 66,000 to 67,000. This is where imbalances exist, and price could revisit before continuing upward.

I would take a long position once price taps into this gap (potentially between 66,300 and 66,800), as long as the gap is respected and shows signs of price holding within this range.

3. Entry Confirmation Using CISD:

The latest bullish CISD transition occurred around 65,000-66,000, which adds confluence to a bullish bias as the market continues to trade upward from this region.

Once the retracement happens within the Fair Value Gap and holds, confirm the entry using a bullish CISD or a bullish reversal pattern within this zone.

Confluence:

Fair Value Gap: Price filling the imbalance between 66,000 to 67,000.

Change in State of Delivery: A confirmed bullish change at a lower level (CISD around 65,000-66,000).

Key Levels for Entry:

Potential entry zone: 66,300 to 66,800 based on the FVG.

Stop-loss: Below 65,000 (to give room under the recent CISD).

Take profit: Next resistance level at around 69,000 or even 70,000 if momentum persists.