$BTC VIP Analysis

JUNE 23, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BULLISH

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The price action of $BTC on the daily timeframe level has successfully filled out the FVG gap level which was marked between the $64,660 to $62,335 level and filled it out completely.

Currently, the price action on the daily timeframe level is consolidating at its horizontal support level which is marked between the $65,071 to $64,048 level where it can show us the leg-up level from there.

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$64,048

⬆️LONG⬆️

$65,071

PREDICTED DAILY RANGE

$67,652 to $61,125

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VIP ACTION PLAN

After breaking down the neckline of the compression level the price action is consolidating in a lower low lower high pattern level.

Where it respects its horizontal support level which can show us the leg-up level from there.

though all the EMAs act as an resistance level except the 200EMA level