Bitcoin Market Analysis
August 30, 2024
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⚪️TECHNICAL (H4)
The price action on the H4 timeframe is consolidating at its horizontal support level, marked between $58,600 to $58,099. The price action is attempting to break down this crucial support level. 📊
If the price action breaks below this level, we can expect a further drop in $BTC's price. 📉
⚪️WRAP-UP (VIP)
The price action is breaking down on lower time frame level and we can expect to see the drop in the price action of BTC and hit out its another horizontal support level which is marked at
BTC DAILY RANGE:
📈Upper Limit: $61,046
📉Lower Limit: $54,573
(+-11.86% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲58,600
🔴SHORT
💲58,099
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