📉 #Bitcoin Daily 📈

Bitcoin got to 58200 ✅ But closed day below that level. Together with previous two red rejection candles this chart still lacks bullishness.

From FA point of view we have two bullish factors - German Gov ran out of BTC and Ethereum ETF trading probably starts already next week. Selling pressure off and new money flow in.

Higher timeframes picture looks the same. On Week TF Bitcoin did bearish re-test of break down level. That move looked bullish at lower timeframes, but in fact it doesn't mean anything when you zoom out, until price really reclaim SR level it lost on the dump.

I remain out of this market. Waiting for bottom to form and become confirmed. I am bullish for Q4 and 2025, but no desire to trade that choppy market now.

Nearest liquidity pools:

above - 59850 / 60800 / 61460 / 62666

below - 56170 / 55300 / 54113 / 52992

Lines on the chart:

🔸58218 - June low

🔸56537 - May low

🔸53245 - Nov'21 low

🔸51760 - Feb W close

🔸50512 - Feb W swing low

🔸48200 - 2022 high

Trend: D ⬇️ W ⬇️ M ▶️

😱 F&G: 25 < 25 < 29 < 28 < 27