Monthly close is coming next week — and it’s setting up to be a spicy one.
We’ve already swept external highs and got a pretty clean rejection back toward the lows. Worth keeping in mind though: long wicks don’t usually get ignored. Over time, they tend to be partially or fully filled because liquidity loves unfinished business.
There’s still a full week of price action left, so direction isn’t locked in yet. But a few paths stand out:
Scenario 1
$BTC pushes higher into the 28th and secures the monthly close. February then starts by filling the upper part of the wick early, before rolling back down toward the 83.8K area later in the month.
Scenario 2
BTC closes the month around current levels, roughly 89K. Early February we run the 91–92K zone first, then price starts working lower.
Scenario 3
BTC loses both the weekly and monthly open and closes below them (red) before February even starts. If this happens, it’s not subtle — it’s aggressively bearish.
Personally, I’m leaning more toward scenario 1 or 2. With sentiment already skewed heavily bearish, a push higher would actually be the least surprising outcome.
That said… lose 83.8K, and I wouldn’t want to be holding any longs.
