๐ #Bitcoin Daily ๐
Been writing about developing Year VWAP revisit since last Saturday. Everything came true โ Warned means ready ๐
Day candle closed high above last week low, so that price action can be taken as swing failure with good chances for bullish continuation. The strength for that theory is in the zone that price bounced from - not just a blank spot on the chart, but important high timeframe level.
Nearest target for $BTC bounce is 61600. At 62k price will find first resistance. That will be the level to watch price action and make decision on the next possible step.
Nearest liquidity pools:
above - 61596 / 62485 / 63050 / 64770
below - 60000 / 59375 / 58866 / 58550
Lines on the chart:
๐ธ64601 - July close
๐ธ63309 - September close
๐ธ62766 - June close
๐ธ58942 - August close
๐ธ57446 - day swing fractal
๐ธ56000 - September buy tail EQ
Trend: D โถ๏ธ W โถ๏ธ M โถ๏ธ
