$BTC Analysis

October 14, 2023

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BIAS:

Mid-Term: Neutral

Short-Term: Bullish

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Currently, the price action is respecting its Horizontal Support level marked between the $27206 to $26786 level where the price action is consolidating in a compression level which can show us upward movement after an Breakout of the Market Structure Shift level

As the price action lefts out the FVG gap level marked between the $27031 to $26800 level which is filling out already

Up Probability: 44% - Down: 56%

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$27206

⬆️LONG⬆️

$26,776

PREDICTED DAILY RANGE

$28636 - 24904

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VIP ACTION PLAN

Short positions remain in place and very likely reaching lower targets in the next couple of days as chop and bearish volume increase. Depending on price action development we’ll also update on new positions and setups.