$BTC This weekend, the candle closed negatively for the month, printing a low below the M21EMA. Last month also printed a low close, but now a new low has been confirmed, considering the price shadow. The macro structure remains bearish across multiple timeframes, from W to M. Therefore, there are currently no macro bottom signals flashing in BTC and the entire cryptocurrency market.

The close this month does not rule out the possibility of a rebound for BTC, which may print a higher low. We are talking about the monthly timeframe, which does not account for more short-term fluctuations. It is an effective chart to help understand BTC's broader macro trend. It still suggests that, as the trend continues, lower levels may be reached in the coming months, potentially falling into our long-term accumulation zone of (45K-28K).
In other words, as geopolitical tensions escalate, consulting macro charts and levels becomes more important than ever, because price action on smaller timeframes may appear uncertain. Macro structure and trends are generally less invalidated by geopolitical tensions. The market will not top out or bottom out solely due to rising or resolving geopolitical tensions. Other macro indicators can lead to extreme cycle levels, such as (policy, liquidity, etc.)