$BTC VIP Analysis

MAY 21, 2024

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BIAS: 

Mid-Term: BULLISH

Short-Term: BULLISH

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On the H1 timeframe level, the price action of $BTC successfully squeezed out the Sell Side Liquidity level which was marked at the $65,830 level.

Whereas on the daily timeframe level, the price action of $BTC has squeezed out its Buy Side Liquidity level too which was marked at $69,134 level.

Currently, the price action of $BTC is consolidating at its Horizontal Support level which is marked between the $71,515 to $70,692 level.

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MAIN INTEREST LEVELS 

⬇️SHORT⬇️ 

$70,692

⬆️LONG⬆️

$71,515

PREDICTED DAILY RANGE

$73,937 to $66,682

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VIP ACTION PLAN

The price action on the daily timeframe level has left out the candle imbalance level between the $70,785 to $67,752 level which the price action fills out later after the candle closure

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Yours truly,

Team CK