$BTC VIP Analysis

MAY 24, 2024

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BIAS: 

Mid-Term: BULLISH

Short-Term: BEARISH

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As expected as warned before the price action after successfully breaking down fills out the FVG gap level in the yellow region level which is marked between the $68,926 to $67,574 level and headed to its horizontal support level which is marked between the $67,437 to $66,909 level.

Currently, the price action is consolidating at its horizontal support level which has to be held out, and a short-term bounce-back level we can expect.

As the price action has left out the imbalance while going down 

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MAIN INTEREST LEVELS 

⬇️SHORT⬇️ 

$70,692

⬆️LONG⬆️

$67,437 

PREDICTED DAILY RANGE

$73,937 to $62,994

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VIP ACTION PLAN

The price action is consolidating at its horizontal support level where the price action can show us the short-term bounce back level as the liquidity region lies between the $66,795 to $62,994 level

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Yours truly,

Team CK