$BTC VIP Analysis

MAY 13, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BEARISH

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On the H1 timeframe level, the price action has formed out the Ascending Channel pattern level where the price action has broken down its Horizontal Support level which was marked between the $61,293 to $61,118 level.

The price action also plays out the bearish flag pattern level which we marked before,

The lower liquidities region level will be squeezed out after another bear candle level and we can expect some downside movements level.

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$61,118

⬆️LONG⬆️

$60,223

PREDICTED DAILY RANGE

$60,224 to $63,299

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VIP ACTION PLAN

The price action has broken down its descending channel pattern level and changed out the trend level on a shorter timeframe level.

All the EMA's are acting as a resistance level now

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Yours truly,

Babyofafrica®