$BTC VIP Analysis
AUGUST 16th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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As expected, the price action successfully squeezed out two sell-side liquidities 💧 marked between $57,702 and $56,753.
Currently, the trend has shifted into lower lows 📉, and after the retest, we can anticipate further downward movement .
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$58,406
⬆️LONG⬆️
$55,462
PREDICTED DAILY RANGE
$60,913 to $54,589
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VIP ACTION PLAN
The price action on the H2 timeframe 📉 has broken down from the compression level. After squeezing out the sell-side liquidity 💧, the price is currently retesting.
We can expect the price action to fill its lower FVG gap 📊 before any further upward movement 📈.
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Yours truly,
BabyWhale®
