📊*Bitcoin Analysis*🔻
OCTOBER 4th, 2024
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⚪️TECHNICAL (DAILY)
The price action of $BTC is holding its demand zone and attempting to bounce back, which could signal a short-term recovery. 📈🔄
There is a candle imbalance level marked between $63,716 and $62,786, which the price action is reflecting. 📊⚠️
⚪️WRAP-UP (VIP)
The price action has broken the pattern of lower lows and lower highs, and is currently holding its support level. 📉➡️📈
This suggests a potential short-term increase in the price action. 📊🚀
$BTC DAILY RANGE:
📈Upper Limit: $72,926
📉Lower Limit: $54,016
(+-35.01 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲61,308
🔴SHORT
💲60,935
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