Bitcoin Analysis
SEPTEMBER 8th, 2024
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⚪️TECHNICAL (H4)
The price action on the H4 timeframe, after breaking down its support trendline, is now consolidating at its horizontal support level after taking out the lower liquidity levels. 📉
On the daily timeframe, the price action still shows an FVG gap between $54,512 to $52,030. 🔄📊
⚪️WRAP-UP (VIP)
Currently, the price action on the H4 timeframe is forming a lower high and filling the upper-side candle imbalance, marked between $55,675 to $54,503. 📊
We can expect a short-term increase in the prices of $BTC and $ALT. 📈🚀
