Market Analysis 👀

June 27, 2024

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⚪️TECHNICAL (4H)

On the daily timeframe, the price action of $BTC is respecting its horizontal support level, marked between $61,228 to $59,742, after squeezing out the sell side liquidity level. 📉🛡️

This support level is crucial, and maintaining it could signal potential upward movement. 📈🔝

⚪️WRAP-UP (VIP)

Currently, on the H2 timeframe, the price action is showing the structure of a Bullish Double Bottom pattern. This suggests that the price of $BTC might drop to form the second bottom of the pattern. 📉🔄

$BTC DAILY RANGE:

📈Upper Limit: $64,035

📉Lower Limit: $59,783

(+-7.11% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲$59,783

🔴SHORT

💲$60,996

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Salman Khan Wazir®

#marketanalysis #BinanceTournament #technicalanalyst #salmankhanwazir @Salman Khan Wazir