$BTC VIP Analysis
February 10, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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On the H4 timeframe level, the price action of $BTC successfully has squeezed out its $46,129 and $47,898 liquidity level and consolidating at its Horizontal Resistance level which is marked between the $47,382 - $47,024 level.
We can expect the rejection level from there and for that, we have to see the closure below the level.
Whereas, On the weekly timeframe level the price action of $BTC shows the Bullish Structure on weekly timeframe level
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$47,024
⬆️LONG⬆️
$47,382
PREDICTED DAILY RANGE
$43,867 - $52,378
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VIP ACTION PLAN
The price action on the H4 timeframe level is consolidating within its Horizontal Support level and trying to close above the level.
If the price action closes on this level and shows us some potential movement then we can also expect it will squeeze out the $49,107 level
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