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$BTC
📊 New Day, New Data
The chop continues, which is typical for a Wednesday/Thursday range, but keep in mind: the weekly low remains untouched.
Let’s take a look at what could be next 👇
Price:
Price is currently trading between two 2H POI zones.
We saw a strong reaction after sweeping the triple lows from yesterday, paired with a 10-minute structure break.
Right now, we’re testing a 2H supply zone, and I’m expecting a retracement from here toward the origin of the last move up, marked by the grey box, just above the daily low.
From there, I want to see a successful retest to continue the move toward the monthly highs.
➡️ Bias: neutral
Time:
⚠️ 37% chance to take out the daily high
❌ 98% chance to put in a new low, if the high holds
➡️ Bias: neutral
Distance:
✅ 23% chance to take out the daily high
❌ 93% chance for more displacement
➡️Bias: bearish
Plan:
I remain patient here and am fully positioned into my long right now as i'm still expecting a rotation back towards the monthly highs.