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TRADE VIRUS ® Market Analysis OCTOBER 2nd, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (DAILY) The price action of $BTC played out as expected. It successfully rejected from its resistance trendline and is now consolidating at its horizontal support level, marked between $61,807 and $60,935. 📉🔄
This area could determine the next move. 📊📌
⚪️WRAP-UP (VIP) A bounce back in the price action may occur, forming a lower high before further lower lows. 📈🔄
If the price action breaks down the current support level, we can expect it to reach the horizontal support zone marked between $56,157 and $53,944. 📉📊
$BTC DAILY RANGE: 📈Upper Limit: $72,926 📉Lower Limit: $54,016 (+-35.01 based on moving average volatility open/endpoints)