$BTC VIP Analysis

JULY 23th, 2024

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BIAS: 

Mid-Term: BULLISH

Short-Term: BEARISH

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The price action of $BTC on the H4 timeframe is successfully heading towards filling its FVG gap level, marked between $66,276 to $65,154.

The price action is still respecting its support trendline level.

We can expect a consolidation phase in that region, with potential ups and downs. 📈📉

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MAIN INTEREST LEVELS 

⬇️SHORT⬇️ 

$66,276

⬆️LONG⬆️

$66,679

PREDICTED DAILY RANGE

$64,325 to $70,031

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VIP ACTION PLAN

The price action has played out its rising wedge pattern, leading to a consolidation phase. For further downward movements, the price action needs to break down its support region level. 📉

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Yours truly,

Team CK