đ What does the monthly Bitcoin chart indicate?
$BTC âĄïž While short timeframes often send conflicting signals, the monthly chart allows for a clearer distinction between periods of distribution and accumulation.
âĄïž Pay attention to the candlestick shadows. Long upper shadows reflect the bulls' inability to hold onto highs, signaling the start of distribution (i.e., an upcoming bear market).
âĄïž Long lower shadows, on the other hand, suggest that whales are actively buying the dip (i.e., the market is likely to go up).
đBy the way, we're currently seeing the second scenario. Another confirmation that the bull rally will continueâš
#BTC #bitcoinâïž #BitcoinMonthlyChart #BTCanalysis #BTCReboundsAfterFOMC