#BTC Market Analysis
BTC closed the monthly candle at 83,981 on the 1M, reclaiming the horizontal structure near 65,000 that's acted as support and resistance going back to the 2021 cycle highs and the 2024 breakout.
Bull case: holding the close above 65,000 keeps the broader structure intact, opening a path back toward the 2025 highs near 130,000.
Bear case: a slide back below 65,000 next month would flip this level back to resistance, exposing a drop toward 54,000.
Monthly close confirms the trend, or does this level get retested?
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#Trading #Binance #BTC #CryptoAnalysis #TradingSignals
BTC closed the monthly candle at 83,981 on the 1M, reclaiming the horizontal structure near 65,000 that's acted as support and resistance going back to the 2021 cycle highs and the 2024 breakout.
Bull case: holding the close above 65,000 keeps the broader structure intact, opening a path back toward the 2025 highs near 130,000.
Bear case: a slide back below 65,000 next month would flip this level back to resistance, exposing a drop toward 54,000.
Monthly close confirms the trend, or does this level get retested?
➖➖➖➖➖➖➖
#Trading #Binance #BTC #CryptoAnalysis #TradingSignals