$BTC All leads back to the same conclusion.

After getting rejected at the first deviation of the monthly VWAP, price is now consolidating just above the monthly VWAP itself.

Now it’s important to see where price finds acceptance. At the moment, it is still trading above, which would slightly favor another retest of the upper band.

However, if price breaks below and finds acceptance there, I would expect a pullback toward the lower band at 61.5k.

No matter how you look at the current chart or which tools you use for your analysis, it all points to the fact that we are at a crucial decision point regarding whether we revisit the highs or the lows next.

Be ready for an interesting summer.