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NY session continued August tradition of dumping BTC and Asians joined. This time the main obvious reason was stock market price action, which finally pulled back after 3-4 weeks of growing. I'll review those charts separately.
For $BTC same old forecast stays valid - expecting it to revisit 53-54k with wicks down to ~51k (correlates with developing Year VAL). Maybe that won't happen in one continuous dump, maybe it will. Last week closed with bearish engulfing, and this week already drawn sell tail, so everything fits to that bearish scenario. So no swing longs till we see more blood.
Nearest liquidity pools:
above - 57430 / 58340 / 58875 / 59400
below - 55825 / 55340 / 54444 / 52450
Lines on the chart:
đž64601 - July close
đž62766 - June close
đž58942 - August close
đž55969 - week low (liquidity under)
đž53329 - July low
đž48888 - August low
Trend: D đœ W âïž M â¶ïž
đ± F&G: 27 < 26 < 26 < 26 < 29
