#Bitcoin Monthly CPR Analysis 📊 August's Monthly CPR is extremely narrow, signaling a high-volatility move ahead. The weekly close will decide the next trend. 🟥 A strong close below the CPR favors a move toward $58K, with $55K as the next major support. 🟩 A Marubozu or Bullish Hammer reclaiming the CPR would invalidate the bearish setup and signal a strong recovery. For now, after the recent breakdown and risk-off sentiment, the bears have the edge. The weekly close will be the deciding factor.
Anup DhunganaShare
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