📉 Bitcoin Daily 📈

🎯 Key Levels to Watch:

• Above: 119259 / 120300 / 123300

• Below: 117216 / 115678 / 114667

🔥 $BTC Liquidation Heatmap:

• Above: 118596 / 119880 / 120470

• Below: 116916 / 115730 / 114347

The market has entered a volatile phase as it awaits the Federal Reserve's interest rate decision. Rates are likely to remain unchanged, but this won't dampen the typical volatility expected on decision day.

#Bitcoin hit the 118.4k bounce target I highlighted yesterday. Despite a predominantly bearish sentiment, volume delta indicates potential for another upward move, at least to 118.6k. I'm holding off on shorting for now. Recent high-volume activity has occurred during dips, so any reversal swing would require significant volume on a pump rejection to confirm. Until then, there's no basis for shorting in this range.

Keep an eye on liquidity pools and the parallel channel range—most liquidity is concentrated above the upper trendline. Conversely, similar liquidity levels are only present below 117k.

⏰ TG alarms set for: 119812, 116923, 114667, 112350 & Quarter VWAP