Welcome to the forum. I look forward to your contributions!
btc weekly candles open to close range keeps decreasing (getting tighter). breakout probability increasing.
I'm seeing the same thing, looking at the daily and weekly Bollinger Bands. The daily bands are particularly tight.
Daily ATR (average true range) is actually suggesting a breakout has already occurred after the break above $10.5K, but this is unconfirmed on the weekly. I take it with a grain of salt.
What confirms a breakout for you, on these weekly and monthly time frames? What levels are you watching?