BTC Monthly line has closed, has the top already formed? How to layout next?
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Bitcoin started its pullback from the high of 110,000 on January 20, falling to around 74,500 on April 7 before beginning to build a bottom and rebound. It took 90 days, and from the high, it fell 35,500 points, a drop of 32%. In fact, this wave of decline was caused by Trump's global tariff increase. One can understand that the market makers deliberately used this news to wash out positions. Then, starting from April 7, it began to build a bottom around 74,500 and rebounded to break the historical high on May 22, reaching around 112,000. The low came back up with a rebound of 37,500 dollars, resulting in a gain of 50% over 45 days. This quick rebound was also due to Trump's announcement of a 90-day pause on tariff increases for most countries. Essentially, the fluctuations have become a matter of Trump's statements. Regardless of what Trump says, this industry has been developing positively for such a long time. From the price perspective, it is clear that the price has consistently hit historical highs rather than going down.
