#Bitcoin bounced and touched middle of resistance zone left from previous dip and re-test of range bottom. If manage to grow above 60651 (April close) and find acceptance there at4H TF, will go for re-test of 63k as well. If get stuck here and lose March low, then pull back to 58k with chances to lose Nov'21 close as well.
So far $BTC follows stocks and therefore we should focus on them in order to forecast where crypto is going. NDX/SPX now at the crossroads - its a good zone to continue high TF uptrend. But its also the last zone, so if lost, stock market will crash hard.
BTC has similar situation, and without stock market help looks heavy enough to continue lower towards 51-53k with possible dips under 50.5k to wipe out stops there.
Nearest liquidity pools:
above - 60013 / 61500 / 62535 / 65118 / 67420 (main)
below - 58000 / 57174 / 56400 / 55085 / 50570 (main)
SR levels to watch PA:
šø63088 - week close
šø60651 - April close
šø59150 - April low
šø56975 - Nov'21 close
šø53245 - Nov'21 low
šø50512 - Feb consolidation swing low
šø48200 - 2022 high
Trend: D š» W š¼ M š¼
šØ F&G: 48< 43 < 54 < 67 < 67