$BTC VIP Analysis
JULY 24th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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On the H4 timeframe, the price action of $BTC has successfully filled the Fair Value Gap (FVG) between $66,276 and $65,154.
This suggests that the previous imbalance has been addressed.
Currently, the price action has established a lower high, indicating potential weakness. If this pattern continues, we might see the formation of a lower low, signaling a bearish trend in the short term. 📉
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$66,550
⬆️LONG⬆️
$64,266
PREDICTED DAILY RANGE
$64,325 to $70,031
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VIP ACTION PLAN
The price action of $BTC has partially filled its candle imbalance and still has some liquidity left to be addressed in the region below.
We can anticipate that the price action might head towards the $64k region to complete this liquidity sweep.
This movement would align with filling the remaining imbalance and potentially setting the stage for subsequent price action. 📉🔄
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Yours truly,
Fed. Lokotre feed