📉 #Bitcoin Daily 📈

Yesterday $BTC price action ended up with a doji, so none of sides one that battle. Bearish momentum still strong and capable of taking price lower. The target I wrote in previous review is almost here. I've extended that bearish scenario with drawing down to September buy tail middle.

Obviously, any day that would form a long buy tail with high volume and upclose would be a signal for a long. Just didn't happen yet.

And before everyone started sharing that pattern, I'm taking my chance to remind about Wyckoff accumulation cycle which assumes that even in bullish scenario #BTC can drop to developing year VAL around 51200 to gain maximum liquidity for the pump.

Nearest liquidity pools:

above - 61574 / 62630 / 63286 / 63916

below - 59605 / 58932 / 58525 / 57172

Lines on the chart:

🔸64601 - July close

🔸63309 - September close

🔸62766 - June close

🔸58942 - August close

🔸57446 - day swing fractal

🔸56000 - September buy tail EQ

Trend: D ▶️ W ▶️ M ▶️