š #BTC Analysis - Monthly Frame š
$BTC: The Leader... The Engine... The Driving Force!
Looking at the chart on the monthly frame, we notice:
ā A strong impulse wave started and took the price to 69K
ā Then a correction occurred to 15K
ā After that, it launched to 109K
ā Then a correction to 117K (the previous high breakout area at 69K) ā a successful retest
š¹ Current Situation:
- The price rebounded strongly from 117K and is now trading around 90K
- A strong rebound above the previous high
š® Upcoming Possibilities:
1ļøā£ Scenario One (Correction):
- A return from 95K (as mentioned earlier)
- A retest of 74K-69K as support
2ļøā£ Scenario Two (Continued Rally):
- A strong break of 95K
- The launch of an accelerating wave towards new highs with faster performance
š” Important Note:
- Gold (the stable asset) rose strongly... so what about... #BITCOIN (Early Growth Bull)!
š Conclusion:
- 95K is a critical point ā We re monitoring the price reaction there.
- Upward breakout = a strong signal of a new wave š
- **Downward bounce = Support test, then an update is made.
š Follow-up is essential.