Market Analysis 👀
June 27, 2024
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⚪️TECHNICAL (4H)
On the daily timeframe, the price action of $BTC is respecting its horizontal support level, marked between $61,228 to $59,742, after squeezing out the sell side liquidity level. 📉🛡️
This support level is crucial, and maintaining it could signal potential upward movement. 📈🔝
⚪️WRAP-UP (VIP)
Currently, on the H2 timeframe, the price action is showing the structure of a Bullish Double Bottom pattern. This suggests that the price of $BTC might drop to form the second bottom of the pattern. 📉🔄
$BTC DAILY RANGE:
📈Upper Limit: $64,035
📉Lower Limit: $59,783
(+-7.11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲$59,783
🔴SHORT
💲$60,996
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Salman Khan Wazir®
#marketanalysis #BinanceTournament #technicalanalyst #salmankhanwazir @Salman Khan Wazir