📊 $BTC
Monthly Technical Analysis — Is This Just a Pullback Before $100K?
Timeframe: 1M · Pair: BTC/USDT · Exchange: Binance
Let's take a step back and look at the big picture. While short-term noise has been shaking weak hands out of their positions, the monthly chart tells a very different — and arguably bullish — story.
📐 Fibonacci Retracement
Price is currently sitting right in the 0.382–0.5 Fibonacci retracement zone — historically one of the most powerful demand areas in any bull market structure. This is the sweet spot where buyers tend to step in aggressively and where corrections often find their floor before the next leg up. Not a breakdown. A reload.
📦 Volume Profile
The fixed range Volume Profile shows the Point of Control (POC) sitting right where price is now. This means the market has spent more time and transacted more value around the current zone than anywhere else in this range. High volume = high conviction = strong support.
🏗️ Supply & Demand / Previous ATH as Support
Perhaps the most compelling signal: BTC is currently defending the $60K region — the exact level that served as the all-time high during the 2021 bull cycle. Former resistance turned support is one of the strongest confluences you can find.
✅ Conclusion: On the monthly timeframe, this looks like a healthy correction within a larger bull structure — not a trend reversal. All three signals align at the same level. The path of least resistance remains upward, and a recovery above $100K is not a matter of if — but when.
Zoom out. Stay patient. The macro structure is intact. 🚀
#BTC
⚠️ Not financial advice. DYOR.
Monthly Technical Analysis — Is This Just a Pullback Before $100K?
Timeframe: 1M · Pair: BTC/USDT · Exchange: Binance
Let's take a step back and look at the big picture. While short-term noise has been shaking weak hands out of their positions, the monthly chart tells a very different — and arguably bullish — story.
📐 Fibonacci Retracement
Price is currently sitting right in the 0.382–0.5 Fibonacci retracement zone — historically one of the most powerful demand areas in any bull market structure. This is the sweet spot where buyers tend to step in aggressively and where corrections often find their floor before the next leg up. Not a breakdown. A reload.
📦 Volume Profile
The fixed range Volume Profile shows the Point of Control (POC) sitting right where price is now. This means the market has spent more time and transacted more value around the current zone than anywhere else in this range. High volume = high conviction = strong support.
🏗️ Supply & Demand / Previous ATH as Support
Perhaps the most compelling signal: BTC is currently defending the $60K region — the exact level that served as the all-time high during the 2021 bull cycle. Former resistance turned support is one of the strongest confluences you can find.
✅ Conclusion: On the monthly timeframe, this looks like a healthy correction within a larger bull structure — not a trend reversal. All three signals align at the same level. The path of least resistance remains upward, and a recovery above $100K is not a matter of if — but when.
Zoom out. Stay patient. The macro structure is intact. 🚀
#BTC
⚠️ Not financial advice. DYOR.