#BTC

Wednesday and Thursday's move, which generated a new ATH, also created a new trading range for the upcoming week.
Between Friday's low and the monthly open, there's a greater likelihood that the market will find liquidity to propel it back to the ATH.
If the price reacts here, with rejection candles or some type of bullish structure on lower timeframes... then it will be possible to look for buys.

But we can't ignore the larger range, because just below the weekly low lies the old ATH from January and the monthly high from June. But the most worrying thing is that 50% of the range remains intact, and this, in other words, means liquidity waiting to be taken.
So... If we see the price forcefully break the monthly open level and fail to recover it... then it will most likely attempt to rebalance the 50% of the larger range.

There are just over 2 hours until the CME futures open, and 1 hours later the new weekly candlestick will open... It's not a good idea to make decisions before those times.

I hope you have a great week 🙏