đ„ $BTC Monthly #analysis :
The Cleanest Bullish Structure in Bitcoin's History? đ„
âZoom out, and the chart reveals one of the most textbook macro trends in Bitcoinâs entire history.
Here is a complete breakdown of whatâs happening and why the bigger trend remains strongly intact:
âđ 1. Macro Trend & Historic Support
âKey Support Line:
The macro trendline has held firmly since 2019, touching three times and respecting every single retest.
â2023 Breakout Zone: Retested, held, and followed by a textbook bull market structure, confirming that the overall uptrend is still intact.
âđŻ 2. The Break of Structure (BOS) & Reclaim
âThe Drop:
After #Bitcoin peaked above $109,000 and distributed for months, price aggressively broke down through the major $54,000_$62,000 support zone (BOS).
âThe Reclaim:
Instead of continuing lower, price reclaimed the support zone and is currently trading around $83,129 pushing back above the broken levels.
âNext Target:
The structure suggests that if this reclaim holds on a monthly close, the path is open toward $100,000+.
âđ 3. The Oscillator Confirmation
âHistorical Oversold Reading:
Look at the bottom oscillatorâthe indicator reached the same deeply oversold levels seen at the 2023 bottom (when $BTC was at $15,000â$16,000 before a 500%+ rally).
âMomentum Exhaustion:
This reset signals that downside momentum has been completely exhausted, setting up a solid foundation for the next leg up.
âđŹ What's your target for $BTC on this monthly close?
Are we hitting $100k next? Drop your thoughts below! đ
#EtherETFsExtendOutflowsToNineDays
The Cleanest Bullish Structure in Bitcoin's History? đ„
âZoom out, and the chart reveals one of the most textbook macro trends in Bitcoinâs entire history.
Here is a complete breakdown of whatâs happening and why the bigger trend remains strongly intact:
âđ 1. Macro Trend & Historic Support
âKey Support Line:
The macro trendline has held firmly since 2019, touching three times and respecting every single retest.
â2023 Breakout Zone: Retested, held, and followed by a textbook bull market structure, confirming that the overall uptrend is still intact.
âđŻ 2. The Break of Structure (BOS) & Reclaim
âThe Drop:
After #Bitcoin peaked above $109,000 and distributed for months, price aggressively broke down through the major $54,000_$62,000 support zone (BOS).
âThe Reclaim:
Instead of continuing lower, price reclaimed the support zone and is currently trading around $83,129 pushing back above the broken levels.
âNext Target:
The structure suggests that if this reclaim holds on a monthly close, the path is open toward $100,000+.
âđ 3. The Oscillator Confirmation
âHistorical Oversold Reading:
Look at the bottom oscillatorâthe indicator reached the same deeply oversold levels seen at the 2023 bottom (when $BTC was at $15,000â$16,000 before a 500%+ rally).
âMomentum Exhaustion:
This reset signals that downside momentum has been completely exhausted, setting up a solid foundation for the next leg up.
âđŹ What's your target for $BTC on this monthly close?
Are we hitting $100k next? Drop your thoughts below! đ
#EtherETFsExtendOutflowsToNineDays