$BTC VIP Analysis

SEPTEMBER 29th, 2024

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BIAS:

Mid-Term: BULLISH

Short-Term: BULLISH

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The price action of $BTC on the H4 timeframe is getting rejected from its horizontal resistance level after consolidating in a compression zone. 📉🔄

However, the price action is still consolidating above its horizontal support level, and it may hold that support before any further upward movement. 📊🛑🚀

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$66,880

⬆️LONG⬆️

$64,772

PREDICTED DAILY RANGE

$59,994 to $70,002

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VIP ACTION PLAN

The price action on the H1 timeframe is consolidating in a compression zone, within a descending triangle pattern, and is currently holding its crucial support level. 📉🔄

If the price action breaks down this support level, we can expect a short-term rejection in the price action of $BTC. ⚠️📊

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Yours truly,

BabyWhale®