January 22nd, 2025
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Bias
Mid-term: Bearish
Short-term: Bearish
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The price action of $BTC, after forming several bullish patterns, has broken past the previous resistance but is now consolidating within the S/R zone.
For upward movement, the price needs to turn resistance into support. Repeated failure to do so could lead to a bearish trend.
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Main Interest Levels
⬇️SHORT⬇️
$99,126
⬆️LONG⬆️
$107,569
Predicted Daily Range
$105,399 to $109,599
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VIP Action Plan
$BTC is consolidating after a breakout. To continue higher, it must surpass resistance and establish it as support. If unsuccessful, it may head downward. A breakdown of the support would likely confirm a bearish trend, although EMAs suggest potential buying opportunities.
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