The monthly closing is imminent! Will the curse of sharp rises and falls in April and May repeat itself? The answer is already in June's script!

Looking back at the rhythm of April and May, Bitcoin followed the pattern of "rising at the beginning of the month, then pulling back in the middle." The monthly chart for April showed an increase starting from the beginning of the month, then a correction from mid to end of the month. The same was true for May, with Bitcoin rushing up to 82,800, then retracing all the way down to 74,200, which also confirmed what Zhongling said: there are no bull runs, only bears!

From the weekly chart perspective, the 72,500 level is a key historical resistance turned support—this was previously a strong resistance zone. Now, during the pullback, it has formed a top-bottom reversal. As long as this level is not effectively broken downward, the logic of a long-term reversal remains valid, and the market still has upward momentum.

In mid-month on the 17th, I said that the current approach is only a guess; by early next month, it is highly likely to test the 72,500 support level again for confirmation! My target remains unchanged! If, by mid-month, the 72,500 support holds and signs of stabilization and rebound appear, I will change my approach and confidently go long on the pullback. The market has its own rules; it is definitely not something that $BTC can be dominated by a single trend.