$BTC just printed one of the top 5% largest weekly candles in 8 years. That's extended.
But zoom out — the monthly candle sits at only the 32nd percentile. Not stretched at all. In 61% of bullish months, the high comes later in the month, not early.
So yeah, the weekly looks hot. But the monthly has room. Don't be shocked if we punch through this high next week. We're mid-cycle, momentum is intact, and the monthly structure says there's more upside before exhaustion.
Stay positioned. This isn't a top yet.
But zoom out — the monthly candle sits at only the 32nd percentile. Not stretched at all. In 61% of bullish months, the high comes later in the month, not early.
So yeah, the weekly looks hot. But the monthly has room. Don't be shocked if we punch through this high next week. We're mid-cycle, momentum is intact, and the monthly structure says there's more upside before exhaustion.
Stay positioned. This isn't a top yet.