$BTC BIAS: The old distribution range may not hold its price
✏️ Structure:
- Price approaches the VAL of the previous distribution range
- However, this range has accomplished its target as it has dropped more than the 1:1 projection of the range
- On the other hand, the price has just broken the VAH of the day; the likelihood of returning to test the VAH of the day is quite high
-> Therefore, we need the price to confirm breaking away from the VAH of the range and test again to find a buy point
🎯 Timing:
- Wait for a successful test for supply or a strong point (SOS) when retesting the VAH range to find a buy point
