Breakout ✅
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If 4H close above 62737, next 4H candle should get to 64k at least.
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Wise Analyze
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Bullish
📉 Bitcoin Daily 📈
#BTC still within horizontal range, but look at how many times upper side was tested - I can count at least 5 attempts. That makes resistance at the top extremely weak and prone for breakout. Even if that will be a fake breakout ending up with a bull trap, I count on ~63500-63800 at least. Bullish scenario targets are 65.6 and 68-69k
Scenario for $BTC bull trap is return back to the bottom of the range at 57-58k. For deeper retracement middle of week buy tail around 53300-53500.
Today at 14:00 UTC Powell's speech. Fireworks time.
Nearest liquidity pools:
above - 61860 / 61850 / 62491 / 63200
below - 60050 / 59600 / 58775 / 58135
Lines on the chart:
🔸64601 - July close
🔸62766 - June close
🔸60650 - May open
🔸58218 - June low
🔸56537 - May low
🔸55969 - last week low
🔸53329 - July low
#Bitcoin Trend: D ▶️ W ▶️ M ▶️
🤑 F&G: 34 < 39 < 26 < 30 < 28
#BTC still within horizontal range, but look at how many times upper side was tested - I can count at least 5 attempts. That makes resistance at the top extremely weak and prone for breakout. Even if that will be a fake breakout ending up with a bull trap, I count on ~63500-63800 at least. Bullish scenario targets are 65.6 and 68-69k
Scenario for $BTC bull trap is return back to the bottom of the range at 57-58k. For deeper retracement middle of week buy tail around 53300-53500.
Today at 14:00 UTC Powell's speech. Fireworks time.
Nearest liquidity pools:
above - 61860 / 61850 / 62491 / 63200
below - 60050 / 59600 / 58775 / 58135
Lines on the chart:
🔸64601 - July close
🔸62766 - June close
🔸60650 - May open
🔸58218 - June low
🔸56537 - May low
🔸55969 - last week low
🔸53329 - July low
#Bitcoin Trend: D ▶️ W ▶️ M ▶️
🤑 F&G: 34 < 39 < 26 < 30 < 28
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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