BTC VIP Analysis

SEPTEMBER 7th, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BEARISH

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The price action of $BTC on the H4 timeframe, as expected, squeezed out all liquidity levels and is now bouncing back from its demand zone, marked between $53,444 to $52,830. 📊

The price action has shifted into a lower lows, lower highs pattern, and we can expect a lower high level to form, indicating a potential short-term relief momentum. 📈🔄

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$55,616

⬆️LONG⬆️

$54,205

PREDICTED DAILY RANGE

$55,109 to $62,400

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VIP ACTION PLAN

The price action on the H1 timeframe, while rejecting, left an FVG gap between $55,845 to $55,013. 📉 The current bounce-back indicates that the price action will likely fill this gap before any further upward movement. 📊🔄

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Yours truly,

BabyWhale®