Market Update for Major Investors: $BTC Monthly Analysis



Bitcoin remains in a overall bullish trend, maintaining its position above the long-term upward trend line, but momentum has noticeably slowed down.
The price is currently correcting towards a key support and resistance zone (~74k–78k),
which previously acted as resistance and is now being tested as support. The appearance of repeated "Spinning Top" candles near this zone reflects a state of hesitation and balance between buying and selling forces.

As long as the currency stays above the trend line and the mentioned support zone, the technical structure continues to record higher lows. Stability or rebound from these levels will open the way to continue the previous upward trend.

Summary: Cautious optimism, and monitoring this support zone is key.

I am closely watching the monthly close to confirm entry.
BTC1,44%
View Original
BTC
BTC比特币
MC:$3.55KHolders:1
0.00%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt