Bitcoin Analysis

OCTOBER 1ST, 2024

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⚪️TECHNICAL (DAILY)

The price action of $BTC on the daily timeframe is getting rejected from its resistance trendline while holding its horizontal support level. 📉🛑

However, the price action is still consolidating below the resistance, showing signs of weakness. 📊⚠️

⚪️WRAP-UP (VIP)

The price action of $BTC is currently holding its support region, but to confirm bullish momentum, it needs to flip the resistance region into support and break out of its resistance trendline. 📈🔄💪

This would signal a stronger upward move ahead. 🚀📊

$BTC DAILY RANGE:

📈Upper Limit: $72,926

📉Lower Limit: $54,016

(+-35.01 based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲63,927

🔴SHORT

💲63,234

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