BTC VIP Analysis

SEPTEMBER 21st, 2024

-

BIAS:

Mid-Term: BULLISH

Short-Term: BULLISH

--

The price action of $BTC on the daily timeframe bounced back from the horizontal support zone between $58,261 to $57,743.

It successfully filled the FVG gap and pumped up with consecutive bullish candles 📈.

The price action has now flipped the resistance into a support zone, consolidating above the new support region marked between $67,836 to $61,761 🔄📊

--

MAIN INTEREST LEVELS

⬇️SHORT⬇️

$65,051

⬆️LONG⬆️

$62,980

PREDICTED DAILY RANGE

$60,391 to $65,132

--

VIP ACTION PLAN

The price action of $BTC on the daily timeframe is consolidating above its support zone and is likely to target the upper liquidity level marked at $65,051 💹.

Meanwhile, the $USDT DOMINANCE on the H4 timeframe is also consolidating, which may indicate a bounce back 🔄, potentially leading to a decrease in the prices of $ALTs 📉

----

Yours truly,

BabyWhale®