Bitcoin Analysis
OCTOBER 2nd, 2024
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⚪️TECHNICAL (DAILY)
The price action of $BTC played out as expected. It successfully rejected from its resistance trendline and is now consolidating at its horizontal support level, marked between $61,807 and $60,935. 📉🔄
This area could determine the next move. 📊📌
⚪️WRAP-UP (VIP)
A bounce back in the price action may occur, forming a lower high before further lower lows. 📈🔄
If the price action breaks down the current support level, we can expect it to reach the horizontal support zone marked between $56,157 and $53,944. 📉📊
$BTC DAILY RANGE:
📈Upper Limit: $72,926
📉Lower Limit: $54,016
(+-35.01 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲58,972
🔴SHORT
💲61,807
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