We are ending the month today and many are not certain about where the market is heading...
Looking at $BTC from the monthly timeframe, we are seeing strong bearish momentum from all timeframes.
I went looking into the monthly timeframe. The 1 Month and 3 Month candle is in a very serious key-level which is the only way that price can hold at that level.
Looking at this chart above ☝️ we are currently at a very crucial V-shape key-level and price is still reacting to it. Here's thing, you have to look closely on how the candlestick closes and that will happen in few hours.
If it rejects, we will be waiting for a reaction that indicates we are ready to go up but if the candle closes under that line with a body, then grab your bags, we are going below $50K