We got the sweep of the high as anticipated yesterday. Now, I’m watching for signs of a short-term pullback before continuation.
Price: BTC tagged the monthly high and showed early signs of exhaustion. I could see a pullback this week toward 119K (daily S/R) before another push higher, ideally into fresh liquidity or the next supply above.
Time (Daily): ⚠️ 31% chance to take out the high ❌ 97% chance to take out the low if the high holds 🟠 Bias: neutral
Time (Weekly): ⚠️ 40% chance to take out the low ❌ 97% chance to take out the high if the low holds 🟠 Bias: neutral
Distance (Daily): ✅ 29% chance to take out the high ❌ 99% chance for more displacement 🔴 Bias: slight bearish
Distance (Weekly): ⚠️ 33% chance to take out the low ❌ 100% chance for more displacement 🟠 Bias: neutral
Plan: Looking for retracement into the 119K region for potential re-accumulation. If we hold that level and reclaim local structure, continuation toward 126K+ remains on the table.
TL;DR: We got the sweep, now looking for a healthy pullback before another leg up.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC
📊 New Day, New Data
We got the sweep of the high as anticipated yesterday. Now, I’m watching for signs of a short-term pullback before continuation.
Price:
BTC tagged the monthly high and showed early signs of exhaustion. I could see a pullback this week toward 119K (daily S/R) before another push higher, ideally into fresh liquidity or the next supply above.
Time (Daily):
⚠️ 31% chance to take out the high
❌ 97% chance to take out the low if the high holds
🟠 Bias: neutral
Time (Weekly):
⚠️ 40% chance to take out the low
❌ 97% chance to take out the high if the low holds
🟠 Bias: neutral
Distance (Daily):
✅ 29% chance to take out the high
❌ 99% chance for more displacement
🔴 Bias: slight bearish
Distance (Weekly):
⚠️ 33% chance to take out the low
❌ 100% chance for more displacement
🟠 Bias: neutral
Plan:
Looking for retracement into the 119K region for potential re-accumulation. If we hold that level and reclaim local structure, continuation toward 126K+ remains on the table.
TL;DR:
We got the sweep, now looking for a healthy pullback before another leg up.