📉 Bitcoin Daily 📈
$BTC closed day candle very bullish. Regardless of rejection wick at 4H, higher timeframe favor at least one more bullish move with minimum TP at 57600.
4 hour chart scared everyone with a bull trap wick, but now price climbing back up. While ~57600 is somewhat visible target even for bearish scenario, in case BTC breakout above yesterday's high, it should easily get to August close at 58942 and next strong level will be around 62k.
CME Futures chart has a small gap at 4H timeframe down to 54060. Not the strongest TF for gaps, but still something to keep in mind.
Major volatility will be tomorrow with Inflation Rates and CPI announcement. Thursday will follow with PPI. So today is kind of preparational day with chart pricing in expectations.
Nearest liquidity pools:
above - 58800 / 59421 / 60005 / 61540
below - 55865 / 55300 / 54326 / 53440
Lines on the chart:
🔸58942 - August close
🔸54840 - week close
🔸53329 - July low
🔸50600 - developing Year VWAP VAL
🔸48888 - August low
🔸44779 - 2023 high
Trend: D 🔽 W ↘️ M ▶️
😱 F&G: 33 < 26 < 23 < 22 < 29
