Notes: Decent looking setup. Memes feel like they’ve been quiet for a bit. Taking a stab at a long here. Early warning sign to close early is if it stalls here and closes below the previous h4 low.
$BTC is now trading around 67.8k. Bitcoin testing a descending trendline on 4hr time frame. So the Possible scenarios are If the price pumps up and breaks out of the trendline, we could see bullish momentum in Bitcoin. Otherwise If the price is rejected from the resistance trendline, the price may dump and move towards the lower support trendline. Stay tuned with us for further updates
$BTC VIP Analysis APRIL 04, 2024 - - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $65,780
⬆️LONG⬆️ $63,626
PREDICTED DAILY RANGE $63,039 - $73,875 -- VIP ACTION PLAN
The price action can form out another Bottom pattern level and consolidate in a compression level where the price action after breaking its neckline and fulfilling out the upper candle imbalance level - #BTC