$BTC Market Analysis
August 23, 2024
➖➖➖➖➖
⚪️TECHNICAL (H4)
The price action of $BTC on the H4 timeframe has broken out of its resistance trendline within the descending triangle pattern, and the price is impulsively bouncing from this level. 📈🔺
We should wait for a potential retest to see if the price action will head towards retesting its horizontal resistance level. 🕒
⚪️WRAP-UP (VIP)
The price action is moving towards the upside liquidity level, which is marked within the region between $64,558 and $65,472. 📈✨
This upward momentum could potentially signal further bullish activity in the market. 🚀
$BTC DAILY RANGE:
📈Upper Limit: $65,472
📉Lower Limit: $61,438
(+-6.85% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲63,334
🔴SHORT
💲64,558
➖➖➖➖➖
