$BTC Bitcoin Bullets® Market Analysis

August 15, 2024

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⚪️TECHNICAL (1H)

BTC is currently trading within a well-defined range, characterized by horizontal support and resistance levels. The price has recently rebounded from the support area, signaling continued interest from buyers at this level. Given the technical setup, we can anticipate a phase of consolidation within this range until a decisive breakout or breakdown occurs.

⚪️WRAP-UP (VIP)

BTC is range-bound, currently rebounding from horizontal support. Consolidation is expected until a breakout or breakdown is confirmed by a retest.

$BTC DAILY RANGE:

📈Upper Limit: 62000

📉Lower Limit: 57600

(+-10% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲55000

🔴SHORT

💲65000