$BTC VIP Analysis

JULY 27th, 2024

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BIAS:

Mid-Term: BULLISH

Short-Term: BEARISH

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The price action of $BTC on the daily timeframe is currently respecting its horizontal resistance level, marked between $68,967 to $68,124.

To continue the pattern, the price action needs to flip this region into a support level.

However, there's a candle imbalance below this region that has yet to be addressed. 📉🕯️

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$67,172

⬆️LONG⬆️

$65,240

PREDICTED DAILY RANGE

$64,853 to $67,202

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VIP ACTION PLAN

If the price action flips its resistance region into a support level, we could see a squeeze on the upper side liquidity level, marked at $70,020 📈. This would indicate a potential upward movement and a continuation of the bullish trend.

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Yours truly,

Fed. Lokotre feed

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