Dollar Index made a bullish move yesterday that broke above February high. While short term we may see it pull back, within this week it can grow higher to ~105, which means that #Bitcoin most probably will have a heavy week.
#BTC dropped below the middle of the channel, so most probably will be forced to move down to the bottom of big channel around 62k. Also I think that we may expect re-test of 68-68.4k zone. If happens before further dip it can be taken as short opportunity. If after, I'd skip it and hold long taken from the bottom to give it a chance to breakout.
Remember what I wrote about week chart - $BTC stays within uptrend, but in consolidation range. The dump before or after halving is something logic to expect (sell the news), but from TA point of view this week chart remains bullish.
Nearest levels to watch PA:
๐ธ73881 - ATH
๐ธ71363 - March close
๐ธ68448 - previous week open
๐ธ67260 - last week open
๐ธ66400 - Nov'21 dump week high
๐ธ64300 - February high
๐ธ63178 - week close
๐ธ61203 - Feb'24 close
Trend: 4H ๐ผ D โถ๏ธ W ๐ผ M ๐ผ
๐ค F&G: 79 < 79 < 75 < 80 < 83