BTC VIP Analysis

SEPTEMBER 9th, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BULLISH

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The price action of $BTC on the H1 timeframe, after consolidating in a compression zone, bounced back 📈 and entered the territory of the FVG gap, marked between $55,845 and $55,013. 📊

Currently, the price action is respecting its horizontal support level and making a retest 🔄, which could lead to a bounce back from that area. 🔺

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$56,176

⬆️LONG⬆️

$54,717

PREDICTED DAILY RANGE

$55,850 to $

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VIP ACTION PLAN

The price action on the H4 timeframe is consolidating at its horizontal support level 📉. The price action needs to reclaim the resistance level and turn it into support 🔄, which could shift the trend and lead to further upward price movement 📈

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Yours truly,

BabyWhale®