#Bitcoin made an attempt to grow above Wednesday high, but ran out of buyers, so the following 16 hours it spent in a lazy pullback. While it happened main volume density zone was left above at 70200-70800 - now it acts as a wall pushing price down towards 4H FVG in between this and previous week open prices (67260-68448). So short term dip zone is within 67-68k range.
The idea for bullish scenario stays the same - return back above high density area and breakout of Wednesday high leads to re-test of range high with potential for breakout to new ATH.
P.S. Gold made new ATH yesterday. That might play out as a bullish factor for $BTC as well.
Nearest levels to watch #BTC PA:
đž73881 - ATH
đž71888 - this week high
đž68448 - previous week open
đž67260 - this week open
đž66400 - Nov'21 dump week high
đž64300 - February high
đž63178 - week close
đž61203 - Feb'24 close
Trend: 4H đŒ D â¶ïž W đŒ M đŒ
đ€ F&G: 79 < 80 < 83 < 81 < 75