BTC VIP Analysis
AUGUST 25th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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On the H4 timeframe, after $BTC broke out of the resistance level with an impulsive movement, it left a Fair Value Gap (FVG) between $63,517 and $62,386. đ
The price action is now consolidating in a compression phase, indicating strength. This could lead to a squeeze of the buy-side liquidity level, marked at $65,359. đȘđč
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MAIN INTEREST LEVELS
âŹïžSHORTâŹïž
$65,714
âŹïžLONGâŹïž
$62,522
PREDICTED DAILY RANGE
$62,475 to $66,433
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VIP ACTION PLAN
On the H4 timeframe, the price action has left a Fair Value Gap (FVG) that is likely to be filled before any significant upward movement. đđ
Meanwhile, on the H1 timeframe, the price action has squeezed out its buy-side liquidity level marked at $64,987. From this level, we can anticipate potential rejection points. đ«
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BabyWhaleÂź