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🚨BTC UPDATE🚨 Bitcoin is currently trading around our support area of $58k. With nearly equal liquidation potential on both sides, a 5% price move up or down could trigger significant action. Therefore, it's too early to say definitively whether BTC will go up or down. However, there is a slightly higher chance of breaking this support compared to breaking the resistance, especially considering that September has historically been unfavorable for Bitcoin. Additionally, we've seen some selling in Bitcoin ETFs in recent days. On the other hand, there are also some bullish events to consider, such as the potential for an interest rate change, news about CZ, and the upcoming event in Singapore.

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Expecting this move in ETH If we inverse this FVG Then will look for longs But for now its clearly bearish for me 🩸 If we inverse this FVG Then will look for longs But for now its clearly bearish for me 🩸

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BTC Still bearish for me 👀

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BTC VIP Analysis AUGUST 31st, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BEARISH -- The price action on the H1 timeframe bounced back from its horizontal support level, marked between $58,519 to $57,588. 📈 All the EMAs are acting as resistance levels, which could lead to a rejection at this point in $BTC's price. 📉 -- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $59,115 ⬆️LONG⬆️ $57,042 PREDICTED DAILY RANGE $55,354 to $61,789 -- VIP ACTION PLAN The price action of $BTC on the H4 timeframe is respecting its horizontal support region, marked between $58,700 to $58,091. 📊 There is an FVG gap marked between $61,502 to $59,675, which we can expect to be filled before any downward movement. 📈👉📉 ---- Yours truly, BabyWhale®

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BTC VIP Analysis AUGUST 30th, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BEARISH -- The price action of $BTC on the H4 timeframe is consolidating at its horizontal support level, marked between $58,519 to $57,588. Here, the price action may show a short-term bounce to fill the candle imbalance. 📊 However, the price action has left an FVG gap and a sell-side liquidity level marked at $56,161, which we can expect to be squeezed out after a breakdown and retest below its support region. 📉 -- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $58,355 ⬆️LONG⬆️ $57,042 PREDICTED DAILY RANGE $55,354 to $61,789 -- VIP ACTION PLAN The price action on the H4 timeframe, after breaking down its support trendline, is now consolidating at its horizontal support region. It has broken down the neckline of this support level and is heading toward grabbing the lower liquidity levels. 📉💧 ---- Yours truly, BabyWhale®

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