$BTC VIP Analysis
JULY 6th, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BEARISH
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The price action on the daily timeframe has successfully broken down its compression zone and the neckline of the pattern. 📉⚠️
The closure below this level indicates potential for further downward movement. ⬇️🔽
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$56,590
⬆️LONG⬆️
$53,163
PREDICTED DAILY RANGE
$52,035 to $52,247
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VIP ACTION PLAN
The price action of $BTC has successfully entered the territory of its FVG gap level. With the current candle movement, we can expect this gap to be filled. 📈🔄
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#SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments #BinanceTournament