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®