📝WHAT DOES THE MONTHLY BITCOIN CHART TELL US? $BTC
While lower timeframes can be noisy and inconsistent, the monthly chart offers a clearer picture of the broader market sentiment—specifically between accumulation and distribution phases.
➡️ Long upper wicks often signal failed bullish momentum, hinting at distribution and potential downtrends.
➡️ Long lower wicks, however, indicate strong dip-buying behavior—often by whales—pointing toward accumulation and likely bullish continuation.
Currently, we’re witnessing the second scenario—a long lower shadow signaling active accumulation and increased bullish strength. This aligns with ongoing market optimism and confirms the continuation of the bull rally will continue ✨