📉 #Bitcoin Daily 📈

Two and a half days till $BTC week and month candles close. And today is the last working day. What is worth remembering about such cases is that many traders prefer to close open positions and fix profits before new month open. At this stage it seems that there were lots of shorts taken on wicks above 62k and these trades wait for a dip. If dip happens within these days most attractive and safe zone for TP is around ~59.3-59.6k

At the same time month candle assumes possibility for July to finally break down and bring more blood before final bullish reversal closer to Autumn. Don't want to be the only bear prophet around here, but you can't ignore the way month chart looks. There is nothing certain there.

But there is always a second scenario and in this case it assumes #BTC breaking above that 62-62.3k resistance and pumping higher - that will stop/liquidate shorts as well and create decent liquidity. So this short term scenario is possible. What will be the result in longer term is another question. Next month can start with a dip and close with a pump, so don't overreact based on short term PA.

💡Week close above ~60.6k will increase chances for a bounce from range bottom (the higher the better). Close below will keep bearish momentum.

Nearest liquidity pools:

above - 61540 / 62590 / 63260 / 64920

below - 60260 / 59440 / 58990 / 56850

Lines on the chart:

🔸67577 - May close

🔸63195 - week open

🔸60651 - April close

🔸59112 - March low

🔸56537 - May low

🔸53245 - Nov'21 low

Trend: D ⬇️ W ↗️ M 🔼

🤑 F&G: 47 < 40 < 46 < 30 < 51