Monthly Analysis (BTC/USDT) – April Closing Soon

Liquidity Grab (BSL) Confirmed:

Price wicked below March’s low (~85,958) and sharply reversed, forming a long lower wick.

This is a bullish sign if the candle closes above March’s low — it indicates stop-loss hunting below prior lows (BSL) and strong demand.

Candle Structure:

April's candle looks like a bullish pin bar (long wick, small body).

If April closes near 94.5K+, that means buyers absorbed the sell pressure from 92K–85K area — a sign of accumulation and possible reversal.

Indicators:

RSI(6) = 65.35 → Still in bullish territory, no bearish divergence.

Stoch RSI turning upward from oversold → early sign of momentum shift to the upside.

Volume:

Slightly lower volume than March, but no breakdown volume — this supports consolidation or absorption, not panic selling.

What This Means for May (Next Month)

Scenario 1 – Bullish Continuation (More Probable):

If April closes strong above 94K:

BTC can push toward 99K–105K zone in May

First resistance will be March high: ~99.3K

Second resistance: ~109.5K (ATH zone)

Scenario 2 – Rejection and Drop (Less Likely if April closes strong):

If April somehow closes below 92K:

May could retest 85K and even 72K support.

If April closes above 94K, BTC is likely to go LONG in May — targeting 99K first, then 105–109K.

This candle is very powerful — if May opens with bullish momentum and breaks above 95.5K–96K, that could be your long trigger.