$BTC VIP Analysis

NOVEMBER 27th, 2024

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BIAS:

Mid-Term: BULLISH

Short-Term: BEARISH

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On the H1 timeframe, the price action successfully completed its Bullish Harmonic Shark pattern, bouncing back from its Potential Reversal Zone (PRZ). 🦈📈

However, after taking out the upper-side liquidity, the price faced rejection at the horizontal resistance level, marked between $94,966 and $94,477. 📉 This suggests potential consolidation or a retracement in the short term. 🔄📊

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$94,477

⬆️LONG⬆️

$94,966

PREDICTED DAILY RANGE

$90,926 to $99,661

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VIP ACTION PLAN

On the H1 timeframe, the price action, after consolidating in a compression pattern, has bounced back from its horizontal support region, marked between $91,651 and $90,853. 📊📈

For the upward movement to continue, the price must flip the horizontal resistance level, marked between $94,966 and $94,477, into support. 🔄

Additionally, the 21EMA is currently acting as a support level, reinforcing the potential for further upward momentum. 📐📈

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Yours truly,

Fed. R$BTC