Posteo

$BTC is getting ready for a large directional move. The 4H Bollinger Band Width is now at its tightest point since the June breakdown from $73K. In other words, volatility is heavily compressed, which typically precedes a violent move. The previous six times the bands compressed to this degree, BTC moved an average of roughly 5.6% over the following days. Five of those six moves resolved with a flush lower. If BTC breaks $66K, I expect this tightness to resolve higher, which would trigger a short squeeze to the upside.