Let’s not overcomplicate this: #bitcoin is still in an uptrend on the bigger timeframes. The data points to a higher chance of #bitcoin breaking above $BTC 109.9K before it ever touches that previous low at $74.3K again (check the blue arrow if you're looking at the chart).
Long-term structure is intact. This is where zooming out matters—when you focus too much on daily price noise, you miss the bigger move that’s unfolding.
Bottom line: The monthly chart still supports a bullish bias.