$BTC VIP AnalysisSeptember 3, 2022
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BIAS: Mid-Term: Neutral
Short-Term: Neutral
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BTC's market structure has once again turned neutral on both short and mid terms, showing absolutely no signs of an upside or downside confirmation. Chop is currently extremely high on lower time frames along with volatility, and we're expecting this to be a sign of a very strong upcoming move.
Our weekly close was decent for the bulls, even though it didn't show extreme strength, it at least proved that the bulls are holding on to $20,000 as long term support very well, which could get us a strong mid term bounce.
Up Probability: 52% - Down: 48%
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MAIN INTEREST LEVELS
SHORT $23,203
LONG $18,960
PREDICTED DAILY RANGE
$18,381- $22,448
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