$BTC

Mid-Term: BEARISH

Short-Term: BULLISH

The price action of $BTC on the H4 timeframe successfully bounced back from its horizontal support level, marked between $61,150 and $60,075.

After bouncing back, it attempted to break out of the neckline of the compression level and is now retesting at that point.

The price action needs to hold this level for further upward movement, potentially forming a higher high.

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MAIN INTEREST LEVELS

âŹ‡ïžSHORTâŹ‡ïž

$60,075

âŹ†ïžLONGâŹ†ïž

$61,192

PREDICTED DAILY RANGE

$59,994 to $70,002

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VIP ACTION PLAN

The price action on the H1 timeframe reveals an FVG gap between $63,542 and $63,090.

As the price action has broken out of the neckline of the compression level on the short-term timeframe, we can expect this gap to be filled

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