$BTC Analysis
AUGUST 11th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
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On the H4 timeframe, the price action is demonstrating strength above its horizontal support level after successfully flipping the resistance region marked between $60,905 to $60,102.
For a continuation of this upward movement, the current candle needs to close above this support level.
If this happens, we can expect a retest in the region, potentially leading to the price action targeting the Buy Side Liquidity level marked at $62,713 📊.
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$63,00
⬆️LONG⬆️
$61,256
PREDICTED DAILY RANGE
$57,743 to $65,675 level
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VIP ACTION PLAN
On the H1 timeframe, the price action of $BTC is currently following a Harmonic pattern and is moving in alignment with its expected trajectory.
The price is heading towards targeting its Buy Side Liquidity level, marked at $62,146 📈.
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