📉 Bitcoin Daily 📈
$BTC definitely slowed down bullish momentum. Same visible at Total market cap excluding BTC and ETH chart (will share it next). It's not the end as developing month chart is still very bullish and week chart not that bad as well. At least at the moment. But as I wrote before, partial profits from longs won't hurt. I will take them on BTC bounce back to developing Year VWAP VAH3, which correlates with 4H gap and 1H OB around 91k
Bullish scenario - #BTC is forming a bullish consolidation range with approximate bottom at 85.1-86.5k and approximate top at 92.5-93.3k - impossible to predict how long it will take.
Bearish scenario - #Bitcoin goes down fast and violent towards developing Year VWAP VAH2 (~80.4-81.6k). On the same move can wick lower to cover CME Futures gap at 77930-80670. Maybe that scenario won't be that bad after all, as it will remove liquidity magnets below and let BTC grow higher after.
Nearest liquidity pools:
above - 88715 / 89875 / 91040 / 91940
below - 86652 / 85750 / 84975 / 83686
