BTC VIP Analysis JUNE 05, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BULLISH -- As expected the price action on the H4 timeframe level after the retest level at its horizontal support level which is marked between the $68,887 to $68,735 level.
The price action has squeezed out its upper-side liquidity level. we can expect some rejection level from the $71,990 level - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $71,990
⬆️LONG⬆️ $68,958
PREDICTED DAILY RANGE $73,937 to $62,994 -- VIP ACTION PLAN
The price action of $BTC after breaking out the neckline of its compression level. The price action is currently respecting its horizontal resistance region level which is marked between the $71,515 to $70,692 level which can show us some of the rejection levels from there - Yours truly, Womenincrypto®
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The price action of $NMR on the H4 timeframe level has formed a symmetrical triangle where the price action is respecting its horizontal resistance level which is marked between the 28.425 - 28.145 level.
The price action has to flip out this region level into the support level which can show us the further upward zone level