$BTC VIP AnalysisAugust 26, 2021
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BIAS: Mid-Term: Bullish
Short-Term: Neutral
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BTC went straight down to $45,500 just as expected before receiving a high volume of buying action that pushed price back above $47,000 where it's currently ranging. Even though it was a short term relatively tiny move, it gave us a juicy chance to profit from the market again.
Just as we told you days ago, if BTC doesn't build up enough strength and momentum in the next couple of hours (leading to our daily close), we're likely having another short term leg down.
Up Probability: 47% - Down: 53%
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