📝 What does the monthly Bitcoin chart indicate? $BTC

BTC

99,702.91

+2.48%

➡️ While short timeframes often send conflicting signals, the monthly chart allows for a clearer distinction between periods of distribution and accumulation.

➡️ Pay attention to the candlestick shadows. Long upper shadows reflect the bulls' inability to hold onto highs, signaling the start of distribution (i.e., an upcoming bear market).

➡️ Long lower shadows, on the other hand, suggest that whales are actively buying the dip (i.e., the market is likely to go up).

📈By the way, we're currently seeing the second scenario. Another confirmation that the bull rally will continue✨

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