$BTC VIP Analysis
AUGUST 18th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
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After holding the support level and squeezing out the second sell-side liquidity, the price action has bounced back and is now heading to fill the FVG gap between $60,916 and $59,672. đ
Currently, the price action is respecting its horizontal resistance level, marked between $59,832 and $59,605. If it breaks out and retests this level, we could see an upward price movement. đ
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MAIN INTEREST LEVELS
âŹïžSHORTâŹïž
$61,114
âŹïžLONGâŹïž
$59,600
PREDICTED DAILY RANGE
$61,359 to $54,649
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VIP ACTION PLAN
The price action on the H1 timeframe has shifted the trend and is moving toward filling its candle imbalance level.
We can anticipate that the price action will target the upper side buy-side liquidity level. đâš