$BTC VIP Analysis
February 03, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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As expected the price action of $BTC successfully showed us the rejection level from its Horizontal Resistance level which is marked between the $43,561 - $43,125 level.
Currently, the price action is again consolidating below its Horizontal Resistance level which can be overcome and fill out this level
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$43,125
⬆️LONG⬆️
$42,229
PREDICTED DAILY RANGE
$41,997 - $47,091
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VIP ACTION PLAN
All the EMAs show us the Support levels as the price action. A short-term rejection we can be expected from there however the price action can flip out of this level and if the price action flips out of this level we can see further upwards movements
