Bitcoin's monthly candle has closed
It closed as a bearish candle
Fortunately, the body of the monthly candle did not cover the lower wick of last month's candle
I'd say this monthly close was pretty much middle of the road
The monthly MA5 is also near the Fibonacci 0.786 level
At the very least, the market will test the monthly MA23 again in October
If the price can break through this MA23 this month, it will head toward around 90,500
If it can't break through, then at most we'll see a wide-ranging consolidation for a few months
Ultimately, it will still break through
Because the fast line of the monthly MACD has already reached the zero axis
But the slow line hasn't yet
If it can't break through, wait until the slow line reaches the zero axis before moving up
At the very least, the market will be in a wide-ranging consolidation for the next few months
There will still be plenty of room to trade $BTC
It closed as a bearish candle
Fortunately, the body of the monthly candle did not cover the lower wick of last month's candle
I'd say this monthly close was pretty much middle of the road
The monthly MA5 is also near the Fibonacci 0.786 level
At the very least, the market will test the monthly MA23 again in October
If the price can break through this MA23 this month, it will head toward around 90,500
If it can't break through, then at most we'll see a wide-ranging consolidation for a few months
Ultimately, it will still break through
Because the fast line of the monthly MACD has already reached the zero axis
But the slow line hasn't yet
If it can't break through, wait until the slow line reaches the zero axis before moving up
At the very least, the market will be in a wide-ranging consolidation for the next few months
There will still be plenty of room to trade $BTC
