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Monthly closing took place yesterday, it came below the record monthly closing. With the record weekly closing not coming, this sharp rise may be corrected, which will create a TOBO formation in the long term. The support points are 53 thousand and 50 thousand dollars. With the psychological support rate of 50 thousand dollars being broken, it may retreat to 44 thousand dollars. These declines are a buying opportunity. I expect better rises to come with the increase of institutional investors thanks to the Bitcoin ETF, which will be a supply shock and the US starts to deposit money. Every retreat is a buying opportunity.

Monthly closing took place yesterday, it came below the record monthly closing. With the record weekly closing not coming, this sharp rise may be corrected, which will create a TOBO formation in the long term. The support points are 53 thousand and 50 thousand dollars. With the psychological support rate of 50 thousand dollars being broken, it may retreat to 44 thousand dollars. These declines are a buying opportunity. I expect better rises to come with the increase of institutional investors thanks to the Bitcoin ETF, which will be a supply shock and the US starts to deposit money. Every retreat is a buying opportunity.

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