BTC
VIP Analysis APRIL 18, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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On the daily timeframe level, the price action of
BTC
has broken down its Horizontal Support level which was marked between the $63,640 to $62,950 level. The price action after a retest level can show us the further downward movements, As it has broken down the neckline of its compression level.
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$62,950
⬆️LONG⬆️
$52,538
PREDICTED DAILY RANGE
$52,360 - $62,943
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VIP ACTION PLAN
The price action after the retest candle will fill out its Fair Value Gap level which is highlighted between the $60,495 to $52,148 level