$BTC

📊 New Week, New Data

$BTC printed a new all-time high yesterday. Let's break down what could be next 👇

Price:
Broke daily structure and filled all of the inefficiencies on the way up.

Higher timeframe we still in a range where we just took out the high, which means I'm not looking at longs now.

Time (Monthly):
⚠️ 57% chance to take out the low
❌ 99% chance to take out the high if the low holds
⚠️ 94% of monthly lows form later
🔴 Bias: slight bear

Time (Weekly):
❌ 89% chance to take out the high
❌ 100% chance to take out the low if the high holds
🟠 Bias: neutral

Distance (Monthly):
✅ 29% chance to take out the low
❌ 98% chance for more displacement
⚠️ 98% of monthly lows have a bigger wick
🟠 Bias: neutral

Distance (Weekly):
⚠️ 51% chance to take out the high
❌ 100% chance for more displacement
🟠 Bias: neutral

Plan:
Price looks bullish, but since we're trading at the top of the range with warnings at the monthly low, I'm not jumping into longs now.

Instead, I'll wait for more data to guide me the way. Patience for now.