$BTC

📊 New Day, New Data

This can be a very interesting week, as we have two weak weekly pivot points.

Let's dive in 👇

Price:
Pretty clear bearish structure, which means bears are still in control. That will only change if we manage to take out the weekly high, but we left some supply above yesterday, which will probably act as strong resistance.

Time (weekly):
✅ 11% chance to take out the high
❌ 89% chance to take out the low, if the high holds
➡️ Bias: strong bear

Distance (weekly):
✅ 27% chance to take out the high
❌ 96% chance for more displacement
⚠️ 95% of weekly highs have a bigger wick
➡️ Bias: neutral

Plan:
With weekly stats pointing towards more downside and structure bearish, I'm looking to short at supply with stops at the weekly high.

Unless we get a very aggressive push up, leaving strong demand, I'm expecting new monthly lows this week.