๐ Bitcoin Daily ๐
PPI numbers were positive yesterday, so stock indices went higher and BTC followed - grown back above developing Year VWAP. The fight goes on and the longer it stays above that crucial level, the higher chances to see it grow to developing VAH around 68k.
Today at 12.30 UTC announcement for Inflation Rates. Should cause more volatility with possible range in between 60k and 64k.
Bearish scenario I wrote yesterday didn't happen as BTC hold strong above 58k. And losing that level was the condition for bearish scenario to trigger. Same condition remains valid, although now it feels a lot further from happening. Zones are the same: 56 / 54 / 51.5k
Nearest liquidity pools:
above - 61600 / 61915 / 62213 / 63444
below - 60115 / 59750 / 58300 / 57580
Lines on the chart:
๐ธ64601 - July close
๐ธ62766 - June close
๐ธ60650 - May open
๐ธ58218 - June low
๐ธ56537 - May low
๐ธ55830 - July 1st week close
๐ธ53329 - July low
Trend: D โถ๏ธ W โถ๏ธ M โถ๏ธ
๐ค F&G: 30 < 31 < 25 < 39 < 40