📉 Bitcoin Daily 📈
Strong dynamic SR at Weekly 20sma stopped $BTC growth last week. Last overbought alarm in TG marked the top 🤌
I believe short term correction is over and we should see some bounce today. CME closed Friday at 77735, so US session today will find itself far below where it left last week. If price won't grow within nearest 1.5 hours, there will be a double gap above strongly asking for revisit.
🎯 Key Levels
Above: 76930 / 77800 / 78700
Below: 75380 / 74225 / 73210
Mid term may expect re-test of Weekly 20sma. After that either price forms double top and drop back to Daily 20sma (~72k) or breakout higher to cover huge CME gap within 79.3-83.8k (for Binance prices).
Overall 4H uptrend is still valid. Day only forming uptrend, but I'd rather be cautious and stick to bear flag range for now. Watch Weekly 20sma re-test - volume and PA will show the next step. No need for guessing.
⏰ TG #Bitcoin alarms set for: D/W/M20sma, dev Y VWAP VAL/VAL2, 79397, 72333, 70333, 67711, 66937, 64918, 62401