#Bitcoin bulls tried really hard to push price back above we

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#Bitcoin bulls tried really hard to push price back above week open (at 68524) and managed to close morning candle above that level. But current 4H is back below. That increase chances to see $BTC hunt for stops below yesterday's dip low. And that opens potential for June open to dip lower to 62.5-63k or lower to range bottom at ~59-60k. Meanwhile high timeframe W/M remains within uptrend. What I wrote about Dollar Index yesterday happened ✅ DXY bounced from Weekly and Monthly 20SMA. It is yet early to say, that it is starting a new swing up on day TF, but that remains distant possibility - bullish or bearish, confirmation will take another week. Nearest #BTC liquidity pools: above - 69051 / 71300 / 71944 / 72800 below - 67170 / 65860 / 64262 / 63090 SR levels to watch 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: 72 < 72 < 74 < 75 < 76

#Bitcoin bulls tried really hard to push price back above week open (at 68524) and managed to close morning candle above that level. But current 4H is back below. That increase chances to see $BTC hunt for stops below yesterday's dip low. And that opens potential for June open to dip lower to 62.5-63k or lower to range bottom at ~59-60k. Meanwhile high timeframe W/M remains within uptrend.
What I wrote about Dollar Index yesterday happened ✅ DXY bounced from Weekly and Monthly 20SMA. It is yet early to say, that it is starting a new swing up on day TF, but that remains distant possibility - bullish or bearish, confirmation will take another week. 
Nearest #BTC liquidity pools:
above - 69051 / 71300 / 71944 / 72800
below - 67170 / 65860 / 64262 / 63090
SR levels to watch 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: 72 < 72 < 74 < 75 < 76

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📉 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

#Bitcoin got second rejection from week open (at 68524). This Friday will be close for month candle - very important level for future price action. On Week/Month TF BTC remains within uptrend consolidation range. So far moves above Day 20SMA, but such moving averages rarely let the price go without meeting at least for a "handshake". So I feel like $BTC has high chances to dip below that SMA. Besides it correlates with the nearest liquidity pool. Just keep that in mind. I might be wrong, but its a highly possible. If no high volume on that potential dip, we will see BTC hunt for liquidity around 64k. Month 20SMA is growing towards ~61.5k and that is another mid term magnet for the price. Invalidation for all bearish scenarios is 4H close above 68525 - that will lead to fast re-test of ~71k and potential breakout to ATH. With all that said worth keeping in mind main bullish narrative for recent PA was Ethereum. It dropped below range middle and so prone to dip a little more to the bottom (at least to 3650). That supports idea for #BTC pulling back more as well. Nearest liquidity pools: above - 68530 / 69277 / 71300 / 71944 below - 66810 / 65860 / 64262 / 63090 SR levels to watch 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 < 72 < 72 < 74 < 75

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