BTC
VIP Analysis APRIL 26, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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The price action on the H1 timeframe level of
BTC
as expected played out its Rising Wedge pattern level and the price action filled out half of its FVG gap level too. Currently, the price action is consolidating at its Horizontal Support level which is marked between the $63,640 to $62,950 level, and the bounce back for the short-term level we can see from there before any further downward movement.
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$62,950
⬆️LONG⬆️
$60,610
PREDICTED DAILY RANGE
$59,841 - $66,113
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VIP ACTION PLAN
The price action on the H1 timeframe level has squeezed out its liquidity level at $62,749 level.
Whereas, the price action on a daily timeframe level is ready to play out the bearish movement as after making the bearish flag pattern level.
The price action after the daily closure level can show us the further downward movements towards its Horizontal Support level which is marked between the $61,409 to $60,610 level.