$BTC VIP Analysis

MAY 14, 2024

-

BIAS:

Mid-Term: BEARISH

Short-Term: BULLISH

--

On the H4 timeframe level, the price action of $BTC is consolidating in a descending triangle pattern level where the price action is respecting its crucial horizontal Support level which is marked between the $61,866 to $61,020 level.

The price action has filled out half of its FVG gap level which is highlighted in red.

Currently, the price action is consolidating at its Horizontal Support level. However, it has broken down the support trendline level.

-

MAIN INTEREST LEVELS

⬇️SHORT⬇️

$61,298

⬆️LONG⬆️

$61,020

PREDICTED DAILY RANGE

$56,542 to $61,916

--

VIP ACTION PLAN

The price action has broken down the support trendline level. A downfall in the price action of $BTC we can see with the fulfillment of its FVG gap level. Stay alert with your positions

-

Yours truly,

Womenincrypto®