📉 #Bitcoin Daily 📈
Posting 2H chart for a change. $BTC still moves under Developing Month VWAP at ~57400 as well as below all the major resistance levels. Order Block from August 4th is the nearest and last till developing Year VWAP and middle of CME gap.
Close of gaps usually leads to price moving further in the same direction. So if that happens, #BTC will go for stops above ~61065 at least and probably till developing month VAH at ~61666 (this value is constantly changing and moving lower).
In case of another rejection potential zone for the dip is developing Monthly VAL at 53130.
Overall it seems that zone in between 50k and 58k can become a choppy consolidation range that will last for several weeks.
Nearest liquidity pools:
above - 57480 / 58035 / 59890 / 61393
below - 56330 / 55777 / 55124 / 54521
Lines on the chart:
🔸60650 - May open
🔸58218 - June low
🔸56537 - May low
🔸53329 - July low
🔸49027 - January high
🔸46210 - 2021 close
🔸42314 - 2023 close
Trend: D 🔽 W ▶️ M ▶️
🤑 F&G: 20 < 29 < 17 < 26 < 37
