First of all, any time
Let's take a look at the HTF plan
figure 1
$BTC The monthly long-term consolidation range was broken after rejection at the 0.5 Fibonacci golden level between the 2022 swing high and swing low. Well, Bitcoin moving outside the range means increased market volatility, provided this breakdown is not just a deviation below the range low.
Assuming this breakout is real and not a deviation, I expect two scenarios to play out, with BTC sustaining higher lows on the weekly timeframe.
Scenario 1 - Pullback to daily imbalance 28.4 -28.4k or below to capture sell side liquidity and move higher.
Scenario 2 - Pullback to or below weekly OB 25.5- 24.8k to capture sell side liquidity and move higher.
figure 2
$BTC Price behavior increasingly resembles a Wyckoff distribution pattern.
