#BTC – Monthly Structure: Bottoming or Fake Pump?

On the Monthly Chart, #BTC is sitting between three critical EMAs:
▫️50 EMA
▫️100 EMA
▫️200 EMA
Historically, #BTC rarely forms a macro bottom above the 100 EMA during major resets.
Right now:
▫️ Price lost the upper structure
▫️ Rejected from the 1.272–1.414 Fib zone
▫️ Rolling back into the 50–100 EMA region
▫️This typically signals mid-reset, not final bottom.
The 200 EMA will Act As:
▫️Final capitulation zone
▫️Institutional accumulation level
▫️End of cycle reset near ~$41K.
What Invalidates the Bear Path? If BTC:
▫️ Reclaims $104K (1.272 Fib)
▫️ Holds above the 100 EMA with our major lows
▫️ Breaks the descending structure
▫️Then the continuation targets remain:
➡️ $130K
➡️ $175K+
🎯 My Take:
Two scenarios remain:
1️⃣ Fake pump → deeper reset toward 200 EMA (~$41K)
2️⃣ Structure reclaim → continuation toward $130K–$175K
Right now the chart leans toward one more liquidity sweep.
Structure > Narrative 🧠