BTC New ATH Environment
2024-11-07

Even though price convincingly closed above the ATH with a 1D CC, because it's a Monthly level (March 2024 ATH = level) you have to remain sceptic: it's all about the 1M CC; a LTF setup will determine the closure of the November 1M candle.


If price goes down first (low probably inbetween two dashed lines) then it's probably a free bull run.

If price however goes back to the highest high and afterwards falls below this structure (blue line) then it's probably a short.

Price could also pump and stay above the current highest high, then it's probably also a bull run.

