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#Bitcoin dropped back to the middle of the range. Sharp move with high volume generation. On its own it can give a bounce back to 68450-69360 zone within weekend. Next week high chances for #BTC price to continue in the same direction towards the bottom of the range at ~61-63k, although it doesn't really has to happen on Monday. First move on week open may be in the opposite direction of where it ends. And since stock indices also dumped hard on Friday, they all may experience a "dead cat bounce" effect. As pure technician I prefer to ignore news noise, but as I wrote yesterday, I couldn't avoid all the war moods flooding social media and the fact that stock Indices look heavy. Correlates with $BTC after-halving correction. So prefer to stay cautious. Nearest liquidity pools: above - 69600 / 70300 / 71500-71800 below - 65000 / 64500-63000 (wide range with not much volume concentrated anywhere specifically) SR levels to watch PA: ๐Ÿ”ธ73881 - ATH ๐Ÿ”ธ71363 - March close ๐Ÿ”ธ69362 - week close ๐Ÿ”ธ67260 - week close ๐Ÿ”ธ66400 - Nov'21 dump week high ๐Ÿ”ธ64300 - February high ๐Ÿ”ธ63178 - week close ๐Ÿ”ธ61203 - Feb'24 close Trend: D โ–ถ๏ธ W ๐Ÿ”ผ M ๐Ÿ”ผ ๐Ÿค‘ F&G: 72 < 79 < 76 < 78 < 80

#Bitcoin dropped back to the middle of the range. Sharp move with high volume generation. On its own it can give a bounce back to 68450-69360 zone within weekend.

Next week high chances for #BTC price to continue in the same direction towards the bottom of the range at ~61-63k, although it doesn't really has to happen on Monday. First move on week open may be in the opposite direction of where it ends. And since stock indices also dumped hard on Friday, they all may experience a "dead cat bounce" effect.

As pure technician I prefer to ignore news noise, but as I wrote yesterday, I couldn't avoid all the war moods flooding social media and the fact that stock Indices look heavy. Correlates with $BTC after-halving correction. So prefer to stay cautious.

Nearest liquidity pools:

above - 69600 / 70300 / 71500-71800

below - 65000 / 64500-63000 (wide range with not much volume concentrated anywhere specifically)

SR levels to watch PA:

๐Ÿ”ธ73881 - ATH

๐Ÿ”ธ71363 - March close

๐Ÿ”ธ69362 - week close

๐Ÿ”ธ67260 - week close

๐Ÿ”ธ66400 - Nov'21 dump week high

๐Ÿ”ธ64300 - February high

๐Ÿ”ธ63178 - week close

๐Ÿ”ธ61203 - Feb'24 close

Trend: D โ–ถ๏ธ W ๐Ÿ”ผ M ๐Ÿ”ผ

๐Ÿค‘ F&G: 72 < 79 < 76 < 78 < 80

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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