BTC VIP Analysis
JUNE 14, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BEARISH
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The price action of BTC on the daily timeframe level as expected after its bounced back level showed us the bearish candle.
Currently, the price action is respecting out its support trend line which can show us the short-term bounce-back level from there.
However, the price action can break down this level and fill out its FVG gap level which is marked between the $64,440 to $63,225 level.
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$67,531
⬆️LONG⬆️
$63,225
PREDICTED DAILY RANGE
$67,611 to $62,985
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VIP ACTION PLAN
The price action of $BTC is consolidating at a compression level where it respects its support trendline level.
The price action has broken down the neckline of its compression level which shows us that the price action bounce back level can show us the downward movement which will fill out its FVG gap level though the 21EMA has turned into the resistance level
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Yours truly,
Womenincrypto®
