๐ Bitcoin Daily ๐
$BTC managed to grow back above August close, but morning 4H candle closed with bearish doji. It has cleared orders around developing year VWAP which lead to the following assumption.
If US market wake up and push price up, we will see a strong impulse hunting for liquidity above 61145 and most probably covering gap and order block around 61800.
If US market follow August tradition of dumping BTC, then it is back to exploring lower levels. BUT that leaves the gap above unclosed and therefore we should expect price to return back there later. One way or another BTC will visit that zone. The only question is sequence of moves.
Nearest liquidity pools:
above - 58845 / 59637 / 61531 / 62275
below - 56982 / 55875 / 54382 / 49585
Lines on the chart:
๐ธ64601 - July close
๐ธ62766 - June close
๐ธ58942 - August close
๐ธ55969 - week low (liquidity under)
๐ธ53329 - July low
๐ธ48888 - August low
Trend: D ๐ฝ W โ๏ธ M โถ๏ธ
๐ฑ F&G: 26 < 26 < 26 < 29 < 34
