#Bitcoin reached bearish scenario target zone at the bottom of potential consolidation channel. Nothing is yet clear, but if that scenario play out, $BTC will stay within that wide range (61-72k) for several weeks or months.
What we can state from current chart is that we may expect a bounce to 66-67k (back to volume POC and same channel potential middle). After #BTC bounce there we will see the reaction and know what scenario will be in place.
Nearest bearish target remains around 53k, but I have a feeling that bounce to 66-67k will happen first.
Today at 18 UTC Fed interest rates announcement. Expect higher volatility closer to that time.
Nearest levels to watch PA:
🔸69552 - Friday close
🔸68448 - week close
🔸66400 - Nov'21 dump week high
🔸64300 - February high
🔸61203 - Feb'24 close
Trend: 4H 🔻 D ▶️ W 🔼 M 🔼
🤑 F&G: 74 < 79 < 77 < 79 < 81