#Bitcoin got second rejection from week open (at 68524). This Friday will be close for month candle - very important level for future price action. On Week/Month TF BTC remains within uptrend consolidation range. So far moves above Day 20SMA, but such moving averages rarely let the price go without meeting at least for a "handshake". So I feel like $BTC has high chances to dip below that SMA. Besides it correlates with the nearest liquidity pool. Just keep that in mind. I might be wrong, but its a highly possible.

If no high volume on that potential dip, we will see BTC hunt for liquidity around 64k. Month 20SMA is growing towards ~61.5k and that is another mid term magnet for the price.

Invalidation for all bearish scenarios is 4H close above 68525 - that will lead to fast re-test of ~71k and potential breakout to ATH.

With all that said worth keeping in mind main bullish narrative for recent PA was Ethereum. It dropped below range middle and so prone to dip a little more to the bottom (at least to 3650). That supports idea for #BTC pulling back more as well.

Nearest liquidity pools:

above - 68530 / 69277 / 71300 / 71944

below - 66810 / 65860 / 64262 / 63090

SR levels to watch PA:

๐Ÿ”ธ73881 - ATH

๐Ÿ”ธ71363 - March close

๐Ÿ”ธ70393 - last W VAH

๐Ÿ”ธ68540 - week close

๐Ÿ”ธ67750 - week high / last W VAL

๐Ÿ”ธ66239 - last week open

Trend: D ๐Ÿ”ผ W ๐Ÿ”ผ M ๐Ÿ”ผ

๐Ÿค‘ F&G: 73 < 72 < 72 < 74 < 75