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#Bitcoin got second rejection from week open (at 68524). This Friday will be close for month candle - very important level for future price action. On Week/Month TF BTC remains within uptrend consolidation range. So far moves above Day 20SMA, but such moving averages rarely let the price go without meeting at least for a "handshake". So I feel like $BTC has high chances to dip below that SMA. Besides it correlates with the nearest liquidity pool. Just keep that in mind. I might be wrong, but its a highly possible. If no high volume on that potential dip, we will see BTC hunt for liquidity around 64k. Month 20SMA is growing towards ~61.5k and that is another mid term magnet for the price. Invalidation for all bearish scenarios is 4H close above 68525 - that will lead to fast re-test of ~71k and potential breakout to ATH. With all that said worth keeping in mind main bullish narrative for recent PA was Ethereum. It dropped below range middle and so prone to dip a little more to the bottom (at least to 3650). That supports idea for #BTC pulling back more as well. Nearest liquidity pools: above - 68530 / 69277 / 71300 / 71944 below - 66810 / 65860 / 64262 / 63090 SR levels to watch PA: 🔸73881 - ATH 🔸71363 - March close 🔸70393 - last W VAH 🔸68540 - week close 🔸67750 - week high / last W VAL 🔸66239 - last week open Trend: D 🔼 W 🔼 M 🔼 🤑 F&G: 73 < 72 < 72 < 74 < 75

#Bitcoin got second rejection from week open (at 68524). This Friday will be close for month candle - very important level for future price action. On Week/Month TF BTC remains within uptrend consolidation range. So far moves above Day 20SMA, but such moving averages rarely let the price go without meeting at least for a "handshake". So I feel like $BTC has high chances to dip below that SMA. Besides it correlates with the nearest liquidity pool. Just keep that in mind. I might be wrong, but its a highly possible.

If no high volume on that potential dip, we will see BTC hunt for liquidity around 64k. Month 20SMA is growing towards ~61.5k and that is another mid term magnet for the price.

Invalidation for all bearish scenarios is 4H close above 68525 - that will lead to fast re-test of ~71k and potential breakout to ATH.

With all that said worth keeping in mind main bullish narrative for recent PA was Ethereum. It dropped below range middle and so prone to dip a little more to the bottom (at least to 3650). That supports idea for #BTC pulling back more as well.

Nearest liquidity pools:

above - 68530 / 69277 / 71300 / 71944

below - 66810 / 65860 / 64262 / 63090

SR levels to watch PA:

🔸73881 - ATH

🔸71363 - March close

🔸70393 - last W VAH

🔸68540 - week close

🔸67750 - week high / last W VAL

🔸66239 - last week open

Trend: D 🔼 W 🔼 M 🔼

🤑 F&G: 73 < 72 < 72 < 74 < 75

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📉 #Bitcoin Daily 📈 Bitcoin didn't move anywhere since Saturday review, and therefore all written back then stays valid. The only difference is that we have a new line on the chart - 69667 - week close. Day 20SMA started bending down, so I replaced it with Year VWAP VAH. Even a stronger indicator. Y VWAP is at 58755 now - that is just to give you an idea of what will be the direction of mid term move in case VAH is lost. But since it is growing most probably it will be around 60-61k by the time $BTC gets there (if that bearish scenario happen at all). $ The rest is from Saturday review: #BTC remains within uptrend on day, week and month timeframes. And so far even above D20sma. That means that least bullish expectation is revisit to gap left after the dump - correlates with re-test of upper trendline. Approximate min target is ~70100 zone. Breakout above 72k, which was already tested 3 times within last 3 weeks, should take price to ATH. Nearest liquidity pool is below 68400. Can be wiped out either before or after re-test of 70.1k - won't try to guess the sequence. Another one under 67800 has high chances to be touched on the same impulse move. 💡CPI, Inflation rates and FOMC on Wednesday (June 12th) - prepare for more volatility there. Nearest liquidity pools: above - 70160 / 72200 / 73070 / 74100 below - 68400 / 67800 / 65830 Lines on the chart: 🔸73881 - ATH 🔸71363 - March close 🔸70393 - last W VAH 🔸69667 - week close 🔸68540 - last week close 🔸67577 - May close 🔸66239 - week close 🔸64025 - last April week close Trend: D 🔼 W 🔼 M 🔼 🤑 F&G: 72 < 75 < 72 < 77 < 78
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