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$BTC We could be inside the final leg of this Three Drives Pattern.
For confirmation, we would need to break above the 79.9k-80.4k region (Red Bearish OB).
Failure to reclaim this Bearish OB would likely result in a push back to the downside.
However, this setup does look convincing at the moment, and a sweep of the Monthly Range High at 82.8k wouldn’t be surprising before we finally see the market cool down a bit.
Make sure not to over-risk on your Short Positions.
The pullbacks to the downside will be limited, which is why the risk-to-reward on shorts is extremely low at the moment.