Monthly closing! Bitcoin surged and then retreated, what will happen next? 🚀
This morning at 8 AM, Bitcoin's monthly line officially closed, reaching a high of $99,588 and a low of $66,835. A fluctuation of $32,753 has brought this month's increase close to 50%, closing with a strong bullish candle, showing very strong overall performance.
However, the strong monthly closing also means that the possibility of adjustment has increased. In the next few days, we may face several scenarios: if Bitcoin continues to fluctuate at the current high without breaking through $100,000, then a pullback may occur after high-level consolidation. If it breaks through $100,000 and quickly retraces, the most likely support area is around $85,000, or even deeper, potentially reaching $80,000. Although a pullback is within reason, the direction of the market is difficult to predict, and a rebound at the close could also pull the price back above $90,000.
Overall, the market is facing a moment of choice: continue to surge or enter a short-term adjustment period. In any case, be patient and wait for the right entry opportunity; after the adjustment ends, the bullish momentum remains strong
