📉 Bitcoin Daily 📈
$BTC closed two CME gaps on yesterday's pump and opened a new one below. It was a strong LTF bullish move within strong HTF downtrend. Similar moves happened on January 5th and 14th when price grown to 98k before collapsing to 62k. Will it be different this time?
Its the top of range. Market usually create moves that cause maximum pain for those who've chosen the wrong direction. For LTF shorts that already happened. More blood can only be above 72300.
And for longs max pain happens if price push back to ~69700 and get rejected there, dumping back to ~64200.
🎯 Key Levels
Above: 68930 / 69760 / 71500
Below: 66400 / 65500 / 64250
What I want to say is that on it's own it looks very promising, and may lead to reversal, but that is all on lower timeframes. Reversal won't happen instantly and will require some time. Plus that new gap down to 64665 ask for revisit.
⏰ TG #Bitcoin alarms set for: D/W/M20sma, dev Y VWAP VAL/VAL2, 70939, 64250, 62401, 62000.