BTC Daily Review

8. Okt.

BTC wicked into daily fair value gap and got rejected there. Now that bullish move is done and failed, next should be bearish response. Nearest liquidity pool is under 61600 and support starts under 61000.

Developing Year VWAP 59630 is the border between early bounce and deeper and bloodier correction, where potential target moves to September buy tail EQ around 56k.

Reminder that overall chart structure is bullish and will stay that way until BTC cross below 52511. All the dips above that value will form higher low. Higher high at 66450 - only after BTC grow above that value the lower move potential will move up as well.

tradingview.com/x/ABhL3GTz/]https://www.tradingview.com/x/ABhL3GTz/

Nearest liquidity pools:
above - 63115 / 64786 / 65412 / 66120
below - 61600 / 61237 / 60652 / 59961

Lines on the chart:
🔸64601 - July close
🔸63309 - September close
🔸62766 - June close
🔸58942 - August close
🔸57446 - day swing fractal
🔸56000 - September buy tail EQ