๐ #Bitcoin Daily ๐
Bitcoin touched minimum bullish target at 70100 and got rejected there โ During the night it went down and wiped out two nearest liquidity zones I've marked yesterday โ
So why is it dumping? Obviously there was no movement in stock indices over night and Dollar Index haven't moved much either. So no triggers there. Seems like $BTC is falling on its own this time. Probably this is a reaction to uncertainty in DXY and stocks. Market participants are de risking in anticipation of some future bearish move which we don't see on the charts yet.
Market is preparing for Wednesday CPI, Inflation rates and FOMC. How far #BTC will dip on that impulse yet unclear, but if it goes lower, nearest liquidity pools are under 66155, 65830 and 64600. Might bounce here, but no confirmation for that yet.
Month 20sma is around 63080 now correlating with May POC. If that move will lead to further correction most probably we will see BTC there as well within week or two. Target for the bounce is 68200 - 69000.
๐กCPI, Inflation rates and FOMC on Wednesday (June 12th) - prepare for more volatility there.
Nearest liquidity pools:
above - 70460 / 72370 / 74100
below - 66430 / 65600 / 64233
Lines on the chart:
๐ธ73881 - ATH
๐ธ71363 - March close
๐ธ70393 - last W VAH
๐ธ69667 - week close
๐ธ68540 - last week close
๐ธ67577 - May close
๐ธ66239 - week close
๐ธ64025 - last April week close
Trend: D โถ๏ธ W ๐ผ M ๐ผ
๐ค F&G: 74 < 72 < 75 < 72 < 77