๐ Bitcoin Daily ๐
#Bitcoin hit the bottom of the range โ Alarm I've set for Free channel was right pointing for range bottom at ~58k, as BTC dipped to 58414 on that move.
Now the main question - is it over? Shortly - if you are a respected TA, you can't say so yet. Why? Because $BTC week candle is only developing, so we won't have any clarity till next week close at least. Day candle shown nice bearish impulse with long tail, which can be taken as a first step of a bounce pattern, but to confirm it we'll need another 1-2 Day candle to close. Which brings us back to the idea, that this week it's all about guessing, but no mindful conclusions.
Week close above ~60622-59600 will increase chances for a bounce from range bottom. Close below will keep momentum to dip lower. That is the only thing we can say now for sure.
Nearest liquidity pools:
above - 61840 / 62440 / 63260 / 64920
below - 60235 / 59820 / 59460 / 58040
Lines on the chart:
๐ธ67577 - May close
๐ธ63195 - week open
๐ธ60651 - April close
๐ธ59112 - March low
๐ธ56537 - May low
๐ธ53245 - Nov'21 low
Trend: D ๐ฝ W ๐ผ M ๐ผ
๐ฑ F&G: 30 < 51 < 53 < 63 < 64