๐ Bitcoin Daily ๐
There was an attempt to grow above developing year VWAP, but was rejected. $BTC must be under some real pressure considering that the rest of market is bullish. Although Friday closed with bullish engulfing, so 90% BTC will get above 60k at least once.
Longer term potential scenarios remain the same:
1) Acceptance above developing year VWAP leads to bullish scenario with return to 64 / 65.5 and 68-69k
2) BTC return back below week open at 58693, form W doji and next week revisit 53.5-54.6k zone
Nearest liquidity pools:
above - 59020 / 59560 / 60230 / 60944
below - 56965 / 56315 / 55937 / 54340
Lines on the chart:
๐ธ64601 - July close
๐ธ62766 - June close
๐ธ60650 - May open
๐ธ58218 - June low
๐ธ56537 - May low
๐ธ55830 - July 1st week close
๐ธ53329 - July low
Trend: D ๐ฝ W โถ๏ธ M โถ๏ธ
๐ค F&G: 25 < 27 < 29 < 30 < 31 < 25