#Bitcoin bounced from April close. Just a small wick below that level appeared to be enough. At least for a bounce. Hard to say what exactly helped crypto recover with such a small effort - was it pumping gold, or dumping DXY. Or relatively bullish stock performance. All together. In any case $BTC is at closest point to reversal back to higher timeframe uptrend since it started retracing in the middle of April.

I'm sure you'll see enough bullish reviews out there today, so I will post something to cool you down instead. On day timeframe #BTC still within downtrend structure of lower highs and lower lows. To break it price has to continue growing higher till it wipe out stops above 65500. And only after that move it can return back to 63k, or 61k or even 59k, but not lower.

Main bullish factor now is that lower zones have no high liquidity pools left. Just for comparison. Approximately the same amount of liquidations will be cause at 50500 and 67400 - try to guess which way it will be easier for whales to push the price first 😉

Nearest liquidity pools:

above - 63650 / 64900 / 65640 / 71740

below - 60790 / 60450 / 59950 / 58600

SR levels to watch PA:

🔸66025 - week close

🔸63088 - week close

🔸60651 - April close

🔸59150 - April low

🔸56975 - Nov'21 close

Trend: D ▶️ W 🔼 M 🔼

🤑 F&G: 66 < 55 < 64 < 68 < 71