BTC VIP Analysis Update Up and Down Probability 31 May 2022

 $BTC VIP Analysis

May 31, 2022

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BIAS: 

Mid-Term: Neutral

Short-Term: Bullish

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BTC has exploded over the last 48 hours from $28,000 up to $31,630 which is currently our most important mid term key level. A solid break and close above this level, would signal a move towards $36,000.


On the other hand, if we see a couple of 4H rejections below this level, we could go for another re of $28,000 before potentially heading even lower.


Up Probability: 61% - Down: 39%

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MAIN INTEREST LEVELS 


⬇️SHORT⬇️ 

$36,119


⬆️LONG⬆️

$28,324


PREDICTED DAILY RANGE

$28,650-  $34,733

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