2022-10-07 21:23:37
$BTC VIP Analysis
October 7, 2022
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BIAS:
Mid-Term: Neutral
Short-Term: Bearish
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After reaching a local high of $20,500 yesterday, BTC has once again started to see some short term bearish pressure, which has pushed us towards $19,500, level around which we're still trading. As long as price action keeps seeing 4H closes above $19,000, we should be safe enough for a mid term continuation move.
On the other hand, if BTC sees a break and close below $19,000 on the 4H or on the daily, we're likely heading once again towards our $17,000 long term lows for another retest, from where we do expect a higher and stronger bounce.
Up Probability: 48% - Down: 52%
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@AllCryptoSignals_VIP_Bot
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