Bitcoin Analysis
SEPTEMBER 1ST, 2024
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⚪️TECHNICAL (H4)
The price action of $BTC on the H4 timeframe is breaking down its horizontal support region, marked between $58,600 to $58,099. 📉
On the inverse chart, the price action is respecting the neckline of the pattern, which could break out and squeeze out the downward liquidity levels. 📊💧
⚪️WRAP-UP
On the inverse chart pattern, we can see the price action breaking out of the symmetrical triangle pattern. This suggests that the price may head towards the downward horizontal support level, marked between $58,855 to $57,312. 📉🔺
