$BTC

📊 New Day, New Data

Massive pump into the final supply zone before potential new all-time highs.

Here’s what I’m watching next 👇

Price:
Bitcoin remains strong, leaving many traders on the sidelines. We just swept all resting liquidity and created a large CME gap on the way up, while also leaving behind fresh demand zones.

Monthly outlook stays very bullish, with data showing a 90% chance of hitting 131K in August.

Time (monthly):
✅ 23% chance to take out the monthly low
❌ 90% chance to form a new high, if the low holds
➡️Bias: bullish

Both daily and weekly time-based stats don't offer any significance right now.

Distance (weekly):
⚠️ 34% chance to take out the weekly low
❌ 100% chance for more displacement
⚠️ 93% of weekly low have a bigger wick
➡️ Bias: bearish

Distance (daily):
✅ 11% chance to take out the daily low
❌ 76% chance for more displacement
➡️ Bias: bullish

Plan:
With a bullish monthly bias, I’m buying dips to target 131K+ this month.

That said, the weekly low looks weak, so a deeper pullback this week is possible, especially with the CME gap below and us entering phase 2 of the monthly cycle, which often brings some chop.

For the daily, I expect a slightly higher move first, ideally front-running the all-time highs, before any deeper retrace.

TL;DR: Bullish for August. Buying dips with stops at the monthly low.