📉 Bitcoin Daily 📈

#Bitcoin absorbed liquidity above 69k and got rejected - so my forecast for first move up came true ✅ I wrote about 4H close above 68524 as bullish condition, but when it comes to "shooting star" candles, that condition doesn't work. Such candles should be taken with caution in any case. They indicate that sell wall got filled by stops and breakout longs, and there bulls ran out of steam, unable to push price higher.

Yesterday I wrote that Day 20SMA will act like a magnet to $BTC price, asking for a dip below it. This idea remains valid. Maybe will see it today, although after the bounce, now DXY is heading down to W/M 20SMAs and April open, so again, short term crypto isn't pushed down by Dollar. Later today at 12:30 UTC PCE price index in US may cause some volatility. So in about 3 hours we will have a more clear picture.

Fast dip to Day 20SMA with long tailed high volume close will be bullish. Close below same moving average will be less promising and may lead to retracement towards liquidity around 64k. Month 20SMA is growing towards ~61.5k and that is another mid term magnet for the price.

Nearest liquidity pools:

above - 71155 / 71944 / 72990 / 74136

below - 667511 / 65860 / 64262 / 63090

SR levels to watch #BTC PA:

🔸73881 - ATH

🔸71363 - March close

🔸70393 - last W VAH

🔸68540 - week close

🔸67750 - week high / last W VAL

🔸66239 - last week open

Trend: D 🔼 W 🔼 M 🔼

🤑 F&G: 73 < 73 < 72 < 72 < 74