#Bitcoin pulled back for re-test ✅ Dollar Index remained weak yesterday and today US inflation rates and CPI, so got to see some volatility that will shake price up and down for sure.
$BTC got to close 4H above 58500 to make next move towards 60k possible. And close below 57500 will push it the other way down to 55800-56500. These are the nearest levels.
Week chart macro view remains the same - bearish re-test of breakdown level, which previously was the bottom of the range. On Day chart last #BTC swing LH was at ~63k and Day close above that level is condition or bullish reversal confirmation.
Nearest liquidity pools:
above - 58600 / 59162 / 59846 / 60555
below - 56855 / 56170 / 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: 29 < 28 < 27 < 28 < 29