📉 Bitcoin Daily 📈

Both BTC price and Fear and Greed index are back to July 1st values. Major SR level. Open interest starts to grow, so short term we may see bounce from here.

Month candle closed far below my August bullish condition which was "above ~67578". Doesn't mean that BTC turned completely bearish, but that increase chances for CME gap to be closed first.

At the same time, short term we may expect a bounce to Q2 VWAP and 20SMA for Week and Month timeframes, which all merge around 65500. As I wrote yesterday, that can be price zone which will be danced around for considerable amount of time before BTC decide its direction.

Dollar Index closed month bearish. First should bounce back up, but in general may expect it to drop lower in August. Stocks closed different. DJI and SPX more bullish, than NDX, which was crashed by Microsoft earnings. Nevertheless all remain within uptrend.

Nearest liquidity pools:
above - 65250 / 66950 / 68130 / 68770
below - 63330 / 62790 / 62100 / 58880

Lines on the chart:
🔸67577 - May close
🔸65347 - Q2 VWAP
🔸64601 - July close
🔸62766 - June close
🔸60650 - May open
🔸58218 - June low

Trend: D ↗️ W ▶️ M ▶️

🤑 F&G: 52 < 61 < 67 < 74 < 71

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📉 Bitcoin Daily 📈

Funny thing. I've been losing followers each time I posted warning about CME gap, and here we are, almost there. The moral of this story is that market doesn't care if you like it or not. It doesn't accept gaps. And that rule find reflection in all kind of gaps. Not necessary CME. It can be any long green or red Day candle. Those always get revisited in some time at least for the middle of their length.

For example yesterday's dump. Long downclose candle with middle at 64300 - bounce to that zone is inevitable in future. The only question is how far price will drop lower before that bounce.

As I wrote yesterday, I believe there is a high chance for Monday to open somewhere within CME gap range (58.5-60.5k). And that will be a starting point for consolidation before new bull run. So pull up your pants, market is about to reverse. One last blood bath and its done.

Nearest liquidity pools:
above - 62090 / 62780 / 64340 / 65836
below - 60283 / 59070 / 58190

Lines on the chart:
🔸68215 - Week close
🔸65347 - Q2 VWAP
🔸64601 - July close
🔸62766 - June close
🔸60650 - May open
🔸58218 - June low
🔸56537 - May low

Trend: D ▶️ W ▶️ M ▶️

🤑 F&G: 37 < 57 < 52 < 61 < 67

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📉 Bitcoin Daily 📈

So far developing week chart look promising. If only it was Sunday and week close same way 😅 But still 5.5 days to go.

Fear and Greed at 17 🤑 Looks like a bullish scenario bottom and could be the bottom. But I decided to look in history same value and last time it was on June 8th, 2022 - just before BTC dumped by another 45% after one month of consolidation that followed previous dump (similar to recent one). It doesn't mean that history will repeat. But just keep in mind that 42-45k ain't something we should deny as impossible.

Target zone at 60k remain valid until visited. There is no scenario where it will not be hit. Its almost 99% guaranteed. The only question is time.

More dips under ~52500 also highly possible within this or next week. Not a TA, just a feeling.

Nearest liquidity pools:
above - 55510 / 56452 / 57015 / 57433
below - 53700 / 52447 / 49194 / 47500

Lines on the chart:
🔸60650 - May open
🔸58218 - June low
🔸56537 - May low
🔸53329 - July low
🔸49027 - January high
🔸46210 - 2021 close
🔸42314 - 2023 close

Trend: D 🔽 W ▶️ M ▶️

🤑 F&G: 17 < 26 < 37 < 57 < 52

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📉 Bitcoin Daily 📈

BTC moves towards CME gap slowly and without any sharp moves. Developing Month VWAP at 57532 - price testing it from below. VAH at 61910 and VAL at 53155 - these are nearest levels price will reach after breakout or rejection from VWAP.

Last high volume bullish candle formed on breakout of 56k is left behind, and act as nearest support level - close below ~55800 will most probably start a swing down. Opposite, close above ~58150 will leave all the volume from Monday dump candle below and may lead to bullish impulse higher towards 60k

Nearest liquidity pools:
above - 57544 / 58070 / 59870 / 61333
below - 56317 / 55287 / 54245 / 53790

Lines on the chart:
🔸60650 - May open
🔸58218 - June low
🔸56537 - May low
🔸53329 - July low
🔸49027 - January high
🔸46210 - 2021 close
🔸42314 - 2023 close

Trend: D 🔽 W ▶️ M ▶️

🤑 F&G: 29 < 17 < 26 < 37 < 57

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