BTC VIP Analysis
AUGUST 27th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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As expected, the price action of $BTC on the H1 timeframe successfully filled its FVG gap, marked between the $63,517 to $62,386 level. 📈
The price action squeezed out the Sell Side Liquidity level at $61,622. 📊
It is currently respecting the horizontal support level marked between $61,597 to $61,400. 📉
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$61,400
⬆️LONG⬆️
$62,083
PREDICTED DAILY RANGE
$60,317 to $63,963
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VIP ACTION PLAN
The price action of $BTC is bouncing back from its horizontal support level and forming a lower high. 📊
We might see a short-term relief in the price action before any further downward movement. 📉
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Yours truly,
BabyWhale®