#Bitcoin is back and crypto community is celebrating like if it was BTC that made ATH yesterday, not S&P500 and Nasdaq š In fact $BTC underperformed stocks hard and only starting its journey to return to HTF uptrend. On daily it still moves sideway within same range in between 59k and 73k.
Even if I sound bearish, don't forget I gave longs on both recent bottoms - on May 1st at 57k and this Tuesday at 61.7k š I am not bear or bull, I do my best to be unbiased price action trader. Higher timeframe trend remains bullish, so we catch those dips and look for lower timeframe confirmations to enter longs. And when I talk bearish stuff I'm just trying to cool you down not to act like degens.
Narrow red zone on the chart is resistance and 67222 is April 22nd swing high. Breakout above will take price to Day FVG with EQ at 68800. For dips I'd monitor zone in between yesterday's VAH 64990 and POC 64080.
Nearest liquidity pools:
above - 67370 / 69725 / 71800
below - 65660 / 64223 / 63125 / 60450
SR levels to watch PA:
šø65500 - week high
šø64025 - week close
šø63088 - last April week open
šø61455 - week close
šø60651 - April close
šø59150 - April low
šø56975 - Nov'21 close
Trend: D ā¶ļø W š¼ M š¼
š¤ F&G: 70 < 64 < 66 < 57 < 56