Jip Mclenaer/Assistant.

Ugly start to the week but let's assess with statistical data and do a breakdown for BTC. > First and foremost, Wed. CPI = volatility and noise thrown into the mix. > If a week is to close bullish, 80% of the time the low is in by Wednesday. >The "20-50% target area" for a week to close higher is between current price traded and 60 which means anything here is still fair game for the week to close higher later on. Although the closer you get to 60 the more chances there are that the week is now more difficult to recover (i.e. want to see a front run of this ideally) > Using the previous point, this is where we can inject some real-time flow behavior and TPO. Binance spot started selling on the Sunday session and Coinbase has been selling this entire session w/ a passive spot skew favoring the buyside. Need to see this selling getting absorbed or subside. Time spent under 60 or flow pointing to continuous spot selling overwhelming the passive cushion in this area = fun over. TLDR - low early in the week, 60-62 crucial pivot (ideally a front run on 60) & bearish Monday does not immediately point to bad week actually favors the contrary point of low being in early (need more data).

$BTC weak New York high - 81% of bearish NY sessions put the high in later - 95% of bearish NY sessions put the high in further

$BTC short update Tightened stop to yesterday's high Adjusted target to $61,108.00