$BTC VIP Analysis
NOVEMBER 24th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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As anticipated, the price action has successfully played out as expected, reaching its horizontal support level after filling the Fair Value Gap (FVG), marked between $94,966 and $94,477. 📊✅
Currently, the price action is consolidating at this support zone. If this level holds, we could see a bounce-back movement from here. 🔄📈
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$94,477
⬆️LONG⬆️
$94,966
PREDICTED DAILY RANGE
$94,541 to $99,981
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VIP ACTION PLAN
On the H1 timeframe, the price action, after being rejected from its resistance level, has left a Fair Value Gap (FVG) between $97,336 and $96,562. 📉
Currently, all the EMAs have turned into resistance levels, while the price is consolidating at the horizontal support zone marked between $94,966 and $94,477. 📊
If this support zone holds, we can anticipate a bounce-back movement from this level. 🔄📈
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Yours truly,
Fed. Russian Insiders®
@persianeliteorg
