$BTC VIP Analysis

JUNE 26, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BULLISH

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As expected, the price action of BTC the daily timeframe successfully bounced back from its horizontal support level. 📈

The impulsive downward movement in $BTC's price made a recovery anticipated. 🔄 The price action also played out the SHORT MAIN INTEREST level, dropping down to approximately $58,500. 📉

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$64,048

⬆️LONG⬆️

$61,151

PREDICTED DAILY RANGE

$67,652 to $61,125

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VIP ACTION PLAN

On the H1 timeframe, the price action of $BTC is consolidating above its support level, forming an Inverse Head and Shoulders pattern and breaking out the neckline. 📊

Currently, $BTC is respecting its support level, marked between $61,729 to $61,554. This consolidation above the support level can indicate a potential bullish movement on STL. 📈

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Salman Khan Wazir®

#BinanceTournament #btc #bitcoin #btcanalysis #salmankhanwazir