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BTC Still bearish for me 👀

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BTC VIP Analysis AUGUST 31st, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BEARISH -- The price action on the H1 timeframe bounced back from its horizontal support level, marked between $58,519 to $57,588. 📈 All the EMAs are acting as resistance levels, which could lead to a rejection at this point in $BTC's price. 📉 -- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $59,115 ⬆️LONG⬆️ $57,042 PREDICTED DAILY RANGE $55,354 to $61,789 -- VIP ACTION PLAN The price action of $BTC on the H4 timeframe is respecting its horizontal support region, marked between $58,700 to $58,091. 📊 There is an FVG gap marked between $61,502 to $59,675, which we can expect to be filled before any downward movement. 📈👉📉 ---- Yours truly, BabyWhale®

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BTC VIP Analysis AUGUST 30th, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BEARISH -- The price action of $BTC on the H4 timeframe is consolidating at its horizontal support level, marked between $58,519 to $57,588. Here, the price action may show a short-term bounce to fill the candle imbalance. 📊 However, the price action has left an FVG gap and a sell-side liquidity level marked at $56,161, which we can expect to be squeezed out after a breakdown and retest below its support region. 📉 -- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $58,355 ⬆️LONG⬆️ $57,042 PREDICTED DAILY RANGE $55,354 to $61,789 -- VIP ACTION PLAN The price action on the H4 timeframe, after breaking down its support trendline, is now consolidating at its horizontal support region. It has broken down the neckline of this support level and is heading toward grabbing the lower liquidity levels. 📉💧 ---- Yours truly, BabyWhale®

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BTC VIP Analysis AUGUST 29th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- In the current market structure, Bitcoin is consolidating within an ascending triangle pattern. This setup often signals a potential continuation of the prevailing trend, contingent on a decisive breakout or breakdown. Traders and analysts should exercise patience, awaiting a breakout above the upper resistance or a breakdown below the rising support. A successful retest of the breakout or breakdown level will be crucial to confirm the validity of the move. -- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $62000 ⬆️LONG⬆️ $56000 PREDICTED DAILY RANGE $58000 to $63000 -- VIP ACTION PLAN BTC is currently trading within an ascending triangle pattern. To confirm its next direction, it is crucial to wait for either a breakout or a breakdown, followed by a successful retest. ---- Yours truly, BabyWhale®

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Bitcoin: Slight recovery... about 3.5% If this 4H candle closes above 59600 The price may continue to 61600..

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