$BTC dengan Monthly Timeframe. This chart is really interesting because the August candle has already performed a recovery/break above an important area.
From the chart:
August Close around $79K → back above MA7 ~ $71K. This is positive.
MA25 is still around ~$86.7K, so it’s not fully bullish yet. $86–87K is a major resistance.
RSI 14 51 → has returned to the neutral zone, not overbought. This is healthy for recovery.
MACD is still negative, but the red histogram is starting to shrink → bearish pressure is starting to ease.
Recovery candle from the $60–70K area is fairly strong.
🔥 So what was the August break?
In my opinion, it’s more accurate to call it a break/reclaim of the monthly MA7, not a big bullish breakout.
If September can:
$79K → break through $82–83K → close above $86.7K (MA25)
then that’s when the monthly structure starts to shift into a much stronger bullish reversal.
On the other hand, if September fails to hold and falls back below $70–71K, August’s reclaim could turn into a fake recovery.
Levels I’m watching:
🟢 $86–87K = breakout confirmation
🟡 $79–82K = consolidation/retest area
🔴 $69–71K = important monthly support
what do you think, will September #BTC be bullish or turn into a fake recovery?
From the chart:
August Close around $79K → back above MA7 ~ $71K. This is positive.
MA25 is still around ~$86.7K, so it’s not fully bullish yet. $86–87K is a major resistance.
RSI 14 51 → has returned to the neutral zone, not overbought. This is healthy for recovery.
MACD is still negative, but the red histogram is starting to shrink → bearish pressure is starting to ease.
Recovery candle from the $60–70K area is fairly strong.
🔥 So what was the August break?
In my opinion, it’s more accurate to call it a break/reclaim of the monthly MA7, not a big bullish breakout.
If September can:
$79K → break through $82–83K → close above $86.7K (MA25)
then that’s when the monthly structure starts to shift into a much stronger bullish reversal.
On the other hand, if September fails to hold and falls back below $70–71K, August’s reclaim could turn into a fake recovery.
Levels I’m watching:
🟢 $86–87K = breakout confirmation
🟡 $79–82K = consolidation/retest area
🔴 $69–71K = important monthly support
what do you think, will September #BTC be bullish or turn into a fake recovery?
