Bitcoin Market Analysis

June 26, 2024

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⚪️TECHNICAL (4H)

The price action of $BTC on daily timeframe level has got rejected from its horizontal resistance level which was marked between the $71,438 to $70,282 level.

Previously the price action was consolidating in a compression level and after breaking down the neckline of the price movement it grabbed out all the liquidities of the sell side.

⚪️WRAP-UP (VIP)

Currently, the price action is reclaiming out its horizontal support level where the price action is taking out the can show us the some of the short term bullish movements.

$BTC DAILY RANGE:

📈Upper Limit: $63,946

📉Lower Limit: $56,750

(+-12% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲$62,016

🔴SHORT

💲$59,742

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