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#Bitcoin broke down bottom of the range. It was the end of 2 months consolidation, which could have become a bull flag, but didn't. We just have to accept that scenario and work within it. Now at 57k - November'21 close which stopped the price for a while in February (visible only at 4H chart), but didn't form anything at higher timeframes - it is minor SR level that may cause a bounce. But got to wait for price action to to confirm that. The real support zone starts only at 53k. March low at 59112 may attract $BTC price for re-test. That will be the first re-test, so resistance will be strongest possible. Same rule that I kept on repeating about support that was tested multiple times and became ultra weak. Was that dump caused by crypto news? I don't believe it, because stock indices dumped as well and crypto just followed. And for the same reason I prefer to wait for stocks to form reversal pattern before betting on bullish BTC Nearest liquidity pools: above - 62230 / 62960 / 65300 below - 55650 / 46900 / 43100 SR levels to watch PA: 🔸63088 - week close 🔸61203 - Feb'24 close 🔸59112 - March low 🔸53245 - Nov'21 low 🔸48200 - 2022 high 🔸46210 - 2022 open 🔸44780 - 2023 high Trend: D 🔻 W 🔼 M 🔼 🤑 F&G: 54 < 67 < 67 < 65 < 67

#Bitcoin broke down bottom of the range. It was the end of 2 months consolidation, which could have become a bull flag, but didn't. We just have to accept that scenario and work within it. Now at 57k - November'21 close which stopped the price for a while in February (visible only at 4H chart), but didn't form anything at higher timeframes - it is minor SR level that may cause a bounce. But got to wait for price action to to confirm that. The real support zone starts only at 53k.

March low at 59112 may attract $BTC price for re-test. That will be the first re-test, so resistance will be strongest possible. Same rule that I kept on repeating about support that was tested multiple times and became ultra weak.

Was that dump caused by crypto news? I don't believe it, because stock indices dumped as well and crypto just followed. And for the same reason I prefer to wait for stocks to form reversal pattern before betting on bullish BTC

Nearest liquidity pools:

above - 62230 / 62960 / 65300

below - 55650 / 46900 / 43100

SR levels to watch PA:

🔸63088 - week close

🔸61203 - Feb'24 close

🔸59112 - March low

🔸53245 - Nov'21 low

🔸48200 - 2022 high

🔸46210 - 2022 open

🔸44780 - 2023 high

Trend: D 🔻 W 🔼 M 🔼

🤑 F&G: 54 < 67 < 67 < 65 < 67

Отказ от отговорност: Включва мнения на трети страни. Това не е финансов съвет. Може да включва спонсорирано съдържание. Вижте Правилата и условията.
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📉 #Bitcoin Daily 📈 Bitcoin didn't move anywhere since Saturday review, and therefore all written back then stays valid. The only difference is that we have a new line on the chart - 69667 - week close. Day 20SMA started bending down, so I replaced it with Year VWAP VAH. Even a stronger indicator. Y VWAP is at 58755 now - that is just to give you an idea of what will be the direction of mid term move in case VAH is lost. But since it is growing most probably it will be around 60-61k by the time $BTC gets there (if that bearish scenario happen at all). $ The rest is from Saturday review: #BTC remains within uptrend on day, week and month timeframes. And so far even above D20sma. That means that least bullish expectation is revisit to gap left after the dump - correlates with re-test of upper trendline. Approximate min target is ~70100 zone. Breakout above 72k, which was already tested 3 times within last 3 weeks, should take price to ATH. Nearest liquidity pool is below 68400. Can be wiped out either before or after re-test of 70.1k - won't try to guess the sequence. Another one under 67800 has high chances to be touched on the same impulse move. 💡CPI, Inflation rates and FOMC on Wednesday (June 12th) - prepare for more volatility there. Nearest liquidity pools: above - 70160 / 72200 / 73070 / 74100 below - 68400 / 67800 / 65830 Lines on the chart: 🔸73881 - ATH 🔸71363 - March close 🔸70393 - last W VAH 🔸69667 - week close 🔸68540 - last week close 🔸67577 - May close 🔸66239 - week close 🔸64025 - last April week close Trend: D 🔼 W 🔼 M 🔼 🤑 F&G: 72 < 75 < 72 < 77 < 78
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