$BTC Analysis AUGUST 31st, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BEARISH -- The price action on the H1 timeframe bounced back from its horizontal support level, marked between $58,519 to $57,588. 📈
All the EMAs are acting as resistance levels, which could lead to a rejection at this point in $BTC 's price. 📉 -- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $59,115
⬆️LONG⬆️ $57,042
PREDICTED DAILY RANGE $55,354 to $61,789 -- What can be expected now?
The price action of $BTC on the H4 timeframe is respecting its horizontal support region, marked between $58,700 to $58,091.
There is an FVG gap marked between $61,502 to $59,675, which we can expect to be filled before any downward movement. 📈👉📉