📉 #Bitcoin Daily 📈

$BTC dipped to 55515 and bounced. Felt like it gonna dump lower, but stock market helped a lot, as both SPX/NDX pumped. Theoretically that opens road to 61.1-62.7k, or at least re-test of developing Y VWAP around 59500 (already this week).

But overall market gives me mixed feelings. Regardless short term bullishness, week candle didn't create any buy tail, which was logical with last week bearish close. Besides, breakout above Monday sell tail didn't pump #BTC anywhere, so August close remains main resistance. Stocks bounced, but now at bearish order block left from last week of August PA and so might pull back again. Feels like a trap 🤔 The only question is how high BTC will pump to get enough liquidity for another dip.

❗️Today at 12.30 UTC will be announced PPI numbers (Producer Price Inflation).

Nearest liquidity pools:

above - 58492 / 58811 / 59448 / 60084

below - 57345 / 56747 / 55251 / 54653

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: 31 < 37 < 33 < 26 < 23