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Day 13 #Bitcoin ETF Cointucky Derby update. Net inflows of over $247 million. Still had -$221 million pulled from $GBTC though. $IBIT almost traded as much as $GBTC yesterday.

BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged again.

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$BTC VIP Analysis
February 01, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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The price action on the H4 timeframe level has successfully reached its horizontal support level as we expected.

The price action currently consolidates at its horizontal support level and takes out the formation of a double-top pattern level
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MAIN INTEREST LEVELS

⬇️SHORT⬇️
$41,973

⬆️LONG⬆️
$42,229

PREDICTED DAILY RANGE
$41,997 - $47,091
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VIP ACTION PLAN

We have to keep an eye on the price action and wait for the candle closure to see the further price action movements.

If the price action breaks down this level, we can see a further downfall in the price of $BTC
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