Bitcoin Bullets® Market Analysis

OCTOBER 25th, 2024

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⚪️TECHNICAL (H4)

The price action on the H4 timeframe is currently shaping a Bullish Harmonic Bat pattern 🦇. To complete the D leg, the price action is expected to move downwards, aligning with the pattern's final stage. 📉

If the pattern holds, this anticipated downward movement may set up a bullish reversal upon completion of the D leg, signaling a potential opportunity for upward momentum thereafter. 📈

⚪️WRAP-UP (VIP)

The price action on the H1 timeframe has broken down its support trendline and is now consolidating at the support zone 📉.

There’s also a candle imbalance between $67,126 and $67,275, which suggests a possible area for price retracement to fill the gap.

If the price rebounds to this level, it could create an opportunity to observe how the imbalance fills before the next move. 📊

$BTC DAILY RANGE:

📈Upper Limit: $68,374

📉Lower Limit: $65,821

(+-3.87 based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲67,,275

🔴SHORT

💲67,458