$BTC Market Analysis
SEPTEMBER 17th, 2024
➖➖➖➖➖
⚪️TECHNICAL (H4)
The price action has behaved as expected, breaking down its support trendline and moving towards the $57k region.
Currently, it is testing both the resistance trendline and the horizontal resistance level, which is marked between $59,603 and $58,953 📊
⚪️WRAP-UP (VIP)
We might witness further rejection after a short-term bounce unless the price flips the resistance level and breaks out above it.
This breakout would shift the pattern into a bullish movement 📈
$BTC DAILY RANGE:
📈Upper Limit: $60,734
📉Lower Limit: $56,469
(+-7.55% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲57,240
🔴SHORT
💲58,629
➖➖➖➖➖
