Good morning crypto friends☕️
📊Look at this chart.
A very interesting structure is currently forming on the Bitcoin monthly timeframe.
If June closes around current levels, there will be a strong argument that a macro bottom has already formed at $60,000.
🔍What's interesting:
The current picture is starting to resemble a mirror image of the October high.
At first, the market traded in a range for several months.
Then it formed an extreme.
After that, a sweep occurred—a gathering of liquidity behind a key level, and then the price returned.
This is exactly the structure we are currently seeing around
$60,000.
☝️At the same time, it is quite unusual for Bitcoin to break a major low and not continue its downward movement.
When the market is truly weak, it usually doesn't stop at a single breakout. It continues to fall further.
Now we are seeing a reverse reaction.
📌 If June closes above $65,500, the likelihood that the bottom is already at $60,000 will increase significantly.
If the month closes below, the chances of new lows will increase again.
Of course, there's still almost half of June left until the month closes, and anything can happen during that time.
But right now, a structure is forming that's truly worth watching closely.
🎯The close of June could be one of the most important signals for understanding whether this capitulation phase has ended or the market is preparing for another downward wave.
So far, the picture looks much more interesting than most people think.
Not financial advice. Just my thoughts and observations. 🤝