📉 #Bitcoin Daily 📈

BTC dropped down to November'21 low at ~53245 ✅ I was writing about that scenario since the end of June and also mentioned Month FVG middle at 53k as a target for breakdown of consolidation range (in my video review). As usual it happened faster, than anyone expected.

🔥 Fear&Greed index dropped to 29. Last time it was at this value was September 12th 2023 - last swing down before 200% uptrend started. Guess when it was under 29 before that - in the very beginning of January 2023 when $BTC was at 16k - ultimate bottom from where it started 350% bull run.

So we have important SR level tipped. We have F&G index at critical level of potential reversal. All that gives me bullish vibes. The only thing missing here is price action that would confirm the reversal. But don't worry, I'll let you know once I see one 😉

Nearest liquidity pools:
above - 54940 / 55713 / 56070 / 57556
below - 53513 / 52980 / 50690 / 46705

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

#BTC Trend: D ⬇️ W ⬇️ M ▶️

😱 F&G: 29 < 44 < 50 < 51 < 53