๐ Bitcoin Daily ๐
#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:
๐ธ64601 - July close
๐ธ62766 - June close
๐ธ60650 - May open
๐ธ58218 - June low
๐ธ56537 - May low
๐ธ55969 - last week low
๐ธ53329 - July low
#Bitcoin Trend: D โถ๏ธ W โถ๏ธ M โถ๏ธ
๐ค F&G: 34 < 39 < 26 < 30 < 28