BTC VIP Analysis
OCTOBER 7th, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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The price action of $BTC on the H4 timeframe successfully filled the FVG gap level marked between $63,542 to $63,090. Additionally, it squeezed out the Buy Side Liquidity. 📈
For further upward movement, the price action needs to close above this level to confirm a valid retest and continue the bullish momentum 🚀.
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$60,075
⬆️LONG⬆️
$61,192
PREDICTED DAILY RANGE
$59,994 to $70,002
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VIP ACTION PLAN
As expected, the price action on the H4 timeframe showed an upward movement 📈. However, on the H1 timeframe, the price action is now facing rejection from its horizontal resistance level after consecutive upward movements.
It also left behind an FVG gap marked between $63,638 to $62,922, which may need to be filled before any further sustained upward momentum.
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Yours truly,
BabyWhale®