BTC VIP Analysis

AUGUST 31st, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BEARISH

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The price action on the H1 timeframe bounced back from its horizontal support level, marked between $58,519 to $57,588. 📈

All the EMAs are acting as resistance levels, which could lead to a rejection at this point in $BTC's price. 📉

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$59,115

⬆️LONG⬆️

$57,042

PREDICTED DAILY RANGE

$55,354 to $61,789

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VIP ACTION PLAN

The price action of $BTC on the H4 timeframe is respecting its horizontal support region, marked between $58,700 to $58,091. 📊

There is an FVG gap marked between $61,502 to $59,675, which we can expect to be filled before any downward movement. 📈👉📉

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Yours truly,

BabyWhale®