$BTC VIP Analysis

JULY 6th, 2024

-

BIAS:

Mid-Term: BEARISH

Short-Term: BEARISH

--

The price action on the daily timeframe has successfully broken down its compression zone and the neckline of the pattern. 📉⚠️

The closure below this level indicates potential for further downward movement. ⬇️🔽

-

MAIN INTEREST LEVELS

⬇️SHORT⬇️

$56,590

⬆️LONG⬆️

$53,163

PREDICTED DAILY RANGE

$52,035 to $52,247

--

VIP ACTION PLAN

The price action of $BTC has successfully entered the territory of its FVG gap level. With the current candle movement, we can expect this gap to be filled. 📈🔄

-

#SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments #BinanceTournament