Bitcoin | Watch out the monthly chart!

the current monthly candle is so bearish till now, but we still have on week before the candle close.
the only bulls mission now is to change the fate of this candle before closing it.

closing the monthly candle above 38500 will be enough to avoid the bleed that would happen to the all market.

I advice to watch the market carefully and wait for a confirmation before opening any long or short positions.

for short term analysis:
- bears are still strong even if the price is consolidating around a good support now
- we are expecting a correction to the last dump with a target around 28700
- but we have to be ready for another dump towards 26500 and 25000.

please follow a a good capital management strategy and don't risk a lot those days

sometimes waiting and doing nothing is better than doing something but in the wrong direction !

thanks!