Hello, I will talk to you about the price or value of Bitcoin, highlighting bullish and bearish movements, as well as key resistance and support zones.

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"Bitcoin price, highlighting bullish and bearish movements, as well as key resistance and support zones..."

Bitcoin value analysis

• I will understand the tracking of the value of Bitcoin, highlighting bullish movements and breaking the bearish cycle, as well as key resistance and support zones.

Break of Bearish Dynamics ?

• Bitcoin price breaks the main bearish dynamic.

• After a breakout and consolidation, an upward movement is sought towards the resistance zone in the vwap.

To place the (VWAP) Volume Weighted Average Price in "TradingView", you can follow the following steps: ?

• 1 Open TradingView and then go to the chart you want to be analyzed.

• 2 Display in the "Indicators" button at the top of the graph.

• 3 In the search you are going to write "VWAP" then go and select the indicated option.

• 4 From there a drop-down sub-menu will appear with different configurations for the VWAP indicator; so you can adjust the options according to your tastes and preferences.

• 5 THEN press "Add", once you have configured the graphic indicator according to your criteria.

• 6 The VWAP will be displayed on your graph according to your issued configurations, showing its lines to be analyzed.

• Ready! Once configured, you can view the VWAP TradingView to help you make informed decisions about your movements.

Bullish Pressure and Bearish Directive ?

• Significant increase in volume indicates bullish intentionality.

• The break of the bearish trend suggests a change of context towards buying aggressiveness.

Key Levels and Resistances ?

• Important areas to consider: BIPOC around 6696 and Valuar High around 60,820.

• Overcoming these resistances would confirm strength in the price.

Identification of Relevant Areas?

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• Importance of consolidating re-entry near 62200 or 60,820 for buying opportunities.

• Detailed analysis of bullish movements to identify interesting nearby areas.

Liquidity and Price Movements ?

• Bullish activation after aggressive short entry by operators.

• Indicators show bullish trend with possible targets at specific levels.

Liquidity Distribution ?

• Cleaning at key levels such as 61259 and strategic movements to continue the trend.

CONCLUSION.

• The price of Bitcoin has been experiencing both bullish and bearish movements in an environment of volatility; Despite this, the cryptocurrency has managed to hold at key support levels, suggesting continued interest from investors; It is important to closely monitor market trends and use technical and fundamental analysis to make informed decisions in your Bitcoin trading.

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Weekly Count Publication #4 Sunday, May 5, 2024 / time 02:13 pm.