BTC VIP Analysis

OCTOBER 11th, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BULLISH

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The price action of $BTC on the H4 timeframe successfully squeezed out the sell-side liquidity level, marked at $59,169, and bounced back after doing so. 📈

The FVG gap pattern remains valid, and we can anticipate this gap to be filled, marked between $61,645 and $61,107.

If the bounce continues, the price could potentially aim to close this gap, signaling further bullish momentum in the short term.

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$61,732

⬆️LONG⬆️

$60,989

PREDICTED DAILY RANGE

$59,994 to $70,002

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VIP ACTION PLAN

The price action, after squeezing out the sell-side liquidity level, impulsively bounced back and is now heading toward filling the FVG gap that we previously marked. 📈

Once the price action successfully breaks out of the resistance region, we can expect to see further upward price movement.

This breakout would confirm the bullish sentiment and could lead to additional gains as the momentum strengthens.

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Yours truly,

BabyofAfrica®