Bitcoin Bullets® Market Analysis
NOVEMBER 27th, 2024
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⚪️TECHNICAL (H2)
On the H2 timeframe, the price action of $BTC successfully retraced as anticipated below the specified level. 📉✅
Currently, it is gaining momentum and consolidating above its horizontal support level, forming a compression pattern. 📊
However, the price action is also developing a lower high formation, indicating a cautious upward move with potential bearish undertones if resistance levels hold. 🔄📉
⚪️WRAP-UP (VIP)
If the price action flips its upside resistance level into support, it could signal a further upward movement, potentially leading to a change in market structure. 📈🔄
This would indicate a shift from the current lower high formation to a more bullish trend, opening the door for sustained upward momentum. 🚀
$BTC DAILY RANGE:
📈Upper Limit: $99,200
📉Lower Limit: $90,954
(+-9.47 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲94,335
🔴SHORT
💲92,556
