๐ Bitcoin Daily ๐
$BTC closed week with bullish engulfing just a little above August close. That creates enough bullish momentum for price to reach 61800-64666 this week.
Month half way through, so far BTC accomplished bearish target for revisit of long buy tail. This month can start the reversal, but doesn't have to close much further from current value to do that. So expectations for September stay moderately neutral despite previous week performance.
Wednesday US interest rates decision and FOMC. Cut by 25 bps should be included in PA. If market push prices much higher in expectations for 50 bps, that may result in dump on FOMC day. In any case, volatility heaven this week guaranteed.
Nearest liquidity pools:
above - 59150 / 59732 / 60850 / 61540
below - 57980 / 57130 / 55333 / 54650
Lines on the chart:
๐ธ61840 - bear OB
๐ธ58942 - August close
๐ธ54840 - week close
๐ธ53329 - July low
๐ธ50460 - developing Year VWAP VAL
๐ธ48888 - August low
Trend: D โ๏ธ W โ๏ธ M โถ๏ธ
๐ F&G: 39 < 51 < 50 < 32 < 31
