#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:
๐ธ63088 - week close
๐ธ61203 - Feb'24 close
๐ธ59112 - March low
๐ธ53245 - Nov'21 low
๐ธ48200 - 2022 high
๐ธ46210 - 2022 open
๐ธ44780 - 2023 high
Trend: D ๐ป W ๐ผ M ๐ผ
๐ค F&G: 54 < 67 < 67 < 65 < 67