Clean chart for a change. $BTC at the top of the range. Last swing lower high at 65050 (same as 65175 at Binance) and August high at 65593. These are levels we have to see broken before stating market structure shift to bullish.
Now price consolidates under resistance above Weekly 20SMA (at 62783). Forms a narrow range with low volume, so wherever impulse move happens, it will be strong and devastating. So breakout will surely take #BTC to 68-70k
For #Bitcoin rejection and breakdown scenario first is liquidity under 62320, and then target zone at 60500-61350 with wicks down to dev Y VWAP around 59500 possible.
Nearest liquidity pools:
above - 64370 / 65006 / 65600 / 67250
below - 63180 / 62510 / 61636 / 60724
Lines on the chart:
đž64601 - July close
đž62766 - June close
đž60597 - D swing high
đž58942 - August close
đž57466 - D swing low
đž55969 - prev. week low
đž54840 - prev. week close
Trend: D â¶ïž W âïž M â¶ïž
đ F&G: 50 < 59 < 54 < 50 < 54
