đ #Bitcoin Daily đ
$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 đ€ The only question is how high BTC will pump to get enough liquidity for another dip.
âïžToday 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:
đž58942 - August close
đž54840 - week close
đž53329 - July low
đž50600 - developing Year VWAP VAL
đž48888 - August low
đž44779 - 2023 high
Trend: D đœ W âïž M â¶ïž
đ± F&G: 31 < 37 < 33 < 26 < 23