What do you all think, false breakdown or consolidation of a new support?

In the monthly chart, it seems that Bitcoin could be heading towards the 0 Fibonacci line, which is located above 140,000. However, the blue line, corresponding to the 1.6 Fibonacci level, is close to 210,000. It is possible that at this point the asset will find resistance and retreat. It is important to remember that no analysis is completely certain, so it is always essential to manage protection and profit margins properly, especially if you are trading in futures markets or accumulating long-term in the spot market.

If you are using the dollar-cost averaging strategy, the initial range remains between 77,000 and 80,000, where the asset could retreat to regain strength. From there, it could aim to reach the 0 line and consolidate at the next support level, around 110,000.

Always remember to act with caution and follow your strategies with discipline.