$BTC The Market is setting up for a large move 🚨
BTC currently is still in its monthy range which is extremely likely to get broken at some point in June.
Besides that, the current weekly low & high also have a very low probability of being held. This of course makes sense as we haven't seen a massive move yet and it's early in the week.
But it's good to be aware of these levels and the likelihood of them being taken out and likely leading to further expansion in the direction of that break.
A large move is coming in the next 1-2 weeks I think. Watch the levels.
$BTC Is trading near the middle of it's currently monthly range.
The current distance between the low and the high is ~10%. In the past 4 years, 100% of months have seen a bigger monthly displacement than this.
This means it is very likely that either of these levels will get taken out this month so keep an eye out for that.
I would like to add that I do think the next breakout will also likely be the larger move and that I doubt price will just do a sweep and go the other way. Betting on momentum forming on this next break.
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