๐ Bitcoin Daily ๐
There is a small gap at CME BTC 4H chart caused by difference between Friday close and Monday open. Therefore price should dip to ~54060 in any case. At the same time resistance block around 56000 can also be tested today. So these are levels for the nearest time.
After that there are different options, but in general last week close favor downside move to happen in order to draw a buy tail that would reach further, than last week low. Will it be a strong bearish candle or bullish doji with long buy tail, impossible to predict. Zone in between 2023/2022 close (42.5-47k) can be taken as bearish target, although I doubt $BTC will close next week there. Maximum touch the top of that zone with a wick.
If there will be a dip (and there should be), high chances its the final one, and therefore it is for buying.
P.S. Wednesday Inflation rates and CPI. Therefore major move will happen only in the middle of this week.
Nearest liquidity pools:
above - 55517 / 56081 / 56640 / 57183
below - 54260 / 53440 / 52270 / 49480
Lines on the chart:
๐ธ58942 - August close
๐ธ54840 - week close
๐ธ53329 - July low
๐ธ50600 - developing Year VWAP VAL
๐ธ48888 - August low
๐ธ44779 - 2023 high
Trend: D ๐ฝ W โ๏ธ M โถ๏ธ
๐ฑ F&G: 26 < 23 < 22 < 29 < 27
