#Bitcoin target zone for dead cat bounce achieved ✅

From here we step into unpredictable stage where $BTC will either pump through that level or get rejected and drop back to the bottom with high chances to break down.

I won't bet on any of scenarios at this stage, but want to point out that on week/month timeframe #BTC remains within uptrend. Yes, last two weeks were bearish, but the uptrend remains untouched. On day timeframe price moves sideway since beginning of March, so its a choppy price action taking lots of trader's blood. In such environment the only working strategy is to buy the bottom and hold it to the top of the channel, until channel is broken in one of the sides. If broken down, it is easy to exit at breakeven on re-test (with DCA).

No CME gap formed. SMA20 on week timeframe is around 53757 next week. That is the nearest target for channel break down and deeper correction.

Nearest liquidity pools:

above - 66980 / 68450 / 71539 (most attractive zone)

below - 64630 / 61490 / 58200

SR levels to watch PA:

🔸73881 - ATH

🔸71363 - March close

🔸69362 - week close

🔸67260 - week close

🔸66400 - Nov'21 dump week high

🔸64300 - February high

🔸63178 - week close

🔸61203 - Feb'24 close

Trend: D ▶️ W 🔼 M 🔼

🤑 F&G: 74 < 72 < 72 < 79 < 76