$BTC

📊 New Day, New Data

We could be printing the weekly low today. Let’s take a look at what’s setting up 👇

Price:
We saw a clean rejection from the supply POI we marked out yesterday, and price is now heading toward the demand POI below.

As mentioned in yesterday’s update, I’m still expecting a retest of demand before continuation higher. So far, that’s playing out as expected.

Time (daily):
⚠️ 35% chance of take out the high
❌ 98% chance to put in a new low, if the high holds
➡️ Bias: slight bearish

Distance (daily):
✅ 27% chance to take out the daily high
❌ 99% chance for more displacement
⚠️ 97% of daily highs have a bigger wick
➡️ Bias: bullish

Plan:
Based on current stats, I don’t expect the daily high to hold, unless we see an aggressive breakdown from here.

I’ve got alerts set at the demand POI and weekend low.
From there, I’ll be watching for lower timeframe confirmation or bullish New York session stats.

If that sets up, I’ll be looking for higher prices into the rest of the week, and possibly into month-end continuation.