Bitcoin Daily Update
Not much has changed since yesterday. The nearest target zone has been reached. Bitcoin might move up a bit more this weekend, possibly hitting the top of the marked zone around $63,300 (September close).
We have support below at $61,000, but the momentum is bearish, suggesting dips are likely next week. The most probable dip zone is between the developing Year VWAP at $59,595 and the August close at $58,942. If Bitcoin stays below the August close, it could drop further. The day swing low at $57,446 has a lot of liquidity below it.
The developing Year VAL is rising towards $51,700-$52,500, indicating a more bearish outlook.
**Current BTCUSDT Price:** $62,206.4 (+1.16%)
**Nearest Liquidity Pools:**
- Above: $62,730 / $63,290 / $64,026 / $64,533
- Below: $61,574 / $60,950 / $60,611 / $60,035
**Key Levels on the Chart:**
- $64,601 - July close
- $63,309 - September close
- $62,766 - June close
- $58,942 - August close
- $57,446 - Day swing low
- $56,000 - September buy tail EQ.
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