📉 #Bitcoin Daily 📈

Short term TP for a bounce reached, but Bitcoin didn’t manage to close day above bearish order block. Not the strongest PA, but still +/- bullish. Now it got to hold above 56k to keep that momentum and be able to start consolidating in a bull flag/pennant pattern. If does so, next will be 61.1-62.7k

If $BTC start trading below 55555 we return back to scenario with pullback target zone around developing VWAP VAL at 50680

Reminder that CME #BTC Futures chart has a small gap at 4H timeframe down to 54060. Not the strongest TF for gaps, but still something to keep in mind.

❗️Today at 12.30 UTC Inflation Rates and CPI announcement. Thursday same time - PPI.

Nearest liquidity pools:

above - 56956 / 55490 / 58070 / 58840

below - 55900 / 55344 / 54290 / 53453

Lines on the chart:

🔸58942 - August close

🔸54840 - week close

🔸53329 - July low

🔸50600 - developing Year VWAP VAL

🔸48888 - August low

🔸44779 - 2023 high

Trend: D 🔽 W ↘️ M ▶️

😱 F&G: 37 < 33 < 26 < 23 < 22