$BTC VIP Analysis
AUGUST 6th, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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The price action of $BTC on the H4 timeframe has successfully bounced back impulsively after grabbing all the liquidities below the level. 📉🔄
Currently, the price action is attempting to form higher highs.
However, to show continuation, the price action must flip the resistance region level and hold it. 📊✨
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$59,474
⬆️LONG⬆️
$55,779
PREDICTED DAILY RANGE
$50,424 to $59,755
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VIP ACTION PLAN
The price action on the H1 timeframe level has changed the trend and is currently forming higher highs.
There is an FVG gap level between $57,976 and $56,249, which we can expect to be filled out 📈
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Yours truly,
BabyWhale®
