📊*Bitcoin Analysis*📌
OCTOBER 5th, 2024
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⚪️TECHNICAL (H4)
The price action of $BTC on the H4 timeframe is playing out the expected pattern. 📈
After holding the support region, the price action is bouncing back and is on track to fill the upper side of the candle imbalance. This could indicate further upward momentum if the support holds. 🔄💪
⚪️WRAP-UP (VIP)
The price action on the H1 timeframe is forming higher highs and is heading toward the upper side liquidity levels. 📊
This upward movement could signal further bullish momentum as it targets key liquidity regions. 🚀
$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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