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Bitcoin In the last 24 hours BTC has lost the range of the last two months and continues its fall.
The structures that we have been monitoring have been invalidated and it is time to "zoom out" and try to understand where we are going.
👉 Let's look at the monthly chart:
Today is the first day of May and the new monthly candle that has begun with strong falls.Let's say an engulfing candle on a monthly chart is not what you want to see in an asset.
However, it's only Wednesday and the situation could change quickly depending on what happens at the FOMC today.
In the weekly summary of the cryptocurrency market situation that we did on Monday, I said that the situation this week was one of life or death... well, BTC needs to react strongly before the weekly close since since the opening on Monday it already falls more than 10%
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