๐ #Bitcoin Daily ๐
Funny thing. I've been losing followers each time I posted warning about CME gap, and here we are, almost there. The moral of this story is that market doesn't care if you like it or not. It doesn't accept gaps. And that rule find reflection in all kind of gaps. Not necessary CME. It can be any long green or red Day candle. Those always get revisited in some time at least for the middle of their length.
For example yesterday's dump. Long downclose candle with middle at 64300 - bounce to that zone is inevitable in future. The only question is how far $BTC price will drop lower before that bounce.
As I wrote yesterday, I believe there is a high chance for Monday to open somewhere within CME gap range (58.5-60.5k). And that will be a starting point for consolidation before new bull run. So pull up your pants, market is about to reverse. One last blood bath and its done.
Nearest liquidity pools:
above - 62090 / 62780 / 64340 / 65836
below - 60283 / 59070 / 58190
Lines on #BTC chart:
๐ธ68215 - Week close
๐ธ65347 - Q2 VWAP
๐ธ64601 - July close
๐ธ62766 - June close
๐ธ60650 - May open
๐ธ58218 - June low
๐ธ56537 - May low
Trend: D โถ๏ธ W โถ๏ธ M โถ๏ธ
๐ค F&G: 37 < 57 < 52 < 61 < 67