Bitcoin Analysis
SEPTEMBER 10th, 2024
➖➖➖➖➖
⚪️TECHNICAL (H4)
The price action on the H4 timeframe successfully formed a lower high but shifted the trend after breaking out of the compression pattern and its neckline. 📈
Currently, it is consolidating within its horizontal support region. The price action needs to reclaim this support level to confirm a continuation of the upward movement 🔄
⚪️WRAP-UP (VIP)
A short-term rejection in the price action might occur as it is currently consolidating at its resistance region 📉. The price action has also left a candle imbalance, which is expected to be filled before any further movements 🔄
