๐ Bitcoin Daily ๐
Stock indices got stuck in resistance reflecting market taking pause before fed interest rates announcement and FOMC. $BTC performed a bit more bearish and dropped back below dev Y VWAP and August close. Dollar Index at the edge of breakdown. All that together still gives enough bullish vibes for stocks, while crypto is on the sideline.
Short term expect #BTC to re-test ~59.3k and after that impossible to predict. Might pump through towards 61.8k or get rejected and continue correction lower to 57.1-56k (and the top of that zone it imho inevitable for today/tomorrow).
High timeframe range for nearest weeks: 56-62k
Nearest liquidity pools:
above - 59170 / 59720 / 60180 / 60590
below - 57110 / 56560 / 55255 / 54360
Lines on the chart:
๐ธ58942 - August close
๐ธ54840 - week close
๐ธ53329 - July low
๐ธ50600 - developing Year VWAP VAL
๐ธ48888 - August low
๐ธ44779 - 2023 high
Trend: D โ๏ธ W โ๏ธ M โถ๏ธ
๐ F&G: 33 < 39 < 51 < 50 < 32s
