Bitcoin: Two Development Scenarios from Gap Closure Zone

Current Situation
Bitcoin has completed a sharp decline and is located in the critical gap closure zone. The chart shows two key technical elements: a resistance level in the upper part of the range and a high volume zone (HIGH VOLUME ZONE) significantly below current prices. Price has stopped precisely in the gap area, creating conditions for institutional players to make their decision.
Primary Scenario: Bounce from Gap Closure Zone
An immediate reversal upward from current levels is possible with subsequent movement toward key resistance. Gap closure often acts as a price magnet and correction completion point. If limit players are ready to defend this zone, a strong bounce is possible without testing lower levels.
Target Levels:

Movement toward the upper boundary of the range
Test of key resistance where price was previously stopped

Alternative Scenario: Test of High Volume Zone
Price may continue declining toward the high volume zone (HIGH VOLUME ZONE) located significantly lower. This area represents interest for forming a long-term reversal, as high volume concentration indicates institutional position accumulation. A more powerful and sustainable reversal upward is possible from here.
Key Levels of Alternative Scenario:

HIGH VOLUME ZONE — area for potential long-term reversal
Possibility of forming a strong base for upward movement

Trading Plan
For Primary Scenario:

Monitoring price reaction in current gap closure zone
Entry into long positions upon formation of reversal patterns
Target: movement toward key resistance

For Alternative Scenario:

Waiting for decline to high volume zone
Looking for signs of selling absorption in HIGH VOLUME ZONE
Entry into long positions with more aggressive risk/reward ratio

Risk Management

Primary scenario: stop-loss below gap closure zone accounting for possible false breakout
Alternative scenario: stop-loss below high volume zone with margin for stop liquidation
Recommended to split capital between two possible entry points