BTC VIP Analysis

AUGUST 25th, 2024

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BIAS:

Mid-Term: BULLISH

Short-Term: BEARISH

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On the H4 timeframe, after $BTC broke out of the resistance level with an impulsive movement, it left a Fair Value Gap (FVG) between $63,517 and $62,386. 📈

The price action is now consolidating in a compression phase, indicating strength. This could lead to a squeeze of the buy-side liquidity level, marked at $65,359. 💪💹

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$65,714

⬆️LONG⬆️

$62,522

PREDICTED DAILY RANGE

$62,475 to $66,433

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VIP ACTION PLAN

On the H4 timeframe, the price action has left a Fair Value Gap (FVG) that is likely to be filled before any significant upward movement. 📉📈

Meanwhile, on the H1 timeframe, the price action has squeezed out its buy-side liquidity level marked at $64,987. From this level, we can anticipate potential rejection points. 🚫

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BabyWhale®