#BTC Monthly Analysis update July 27, 2026 .. BTC monthly analysis update August 5, 1405 🔸️Last month, Bitcoin printed a strong bearish candle, breaking both the midline of the rising channel and closing below the monthly 50 EMA for the first time. 🔸️So far, this month's candle has retraced roughly half of last month's body, but it remains below the 50 EMA and is retesting it as resistance, suggesting weakening support. 🔸️With about 5 days left before the monthly close, a close in the current position would be a bearish signal. 🔸️The downside targets remain unchanged: first, the $45k–55k zone, followed by the major support at $28k–36k, where the lower boundary of the rising channel and an unfilled gap converge. 👀 ... Last month, Bitcoin lost both the middle of the ascending channel and closed below the 50-month EMA for the first time with a strong bearish candle. This month's candle has so far covered about half of the body of the previous month's candle, but it still remains below the EMA 50 and is pulling back to it as resistance; Behavior that shows the weakness of the support structure. There are about 5 days left until the closing of the monthly candle. If the candle closes in this position, it will be an important bearish signal. The targets have not changed; First the range of $45-55 thousand and then the very important support of $28-36 thousand, where the bottom of the ascending channel and an important gap are also located in the same range. 👀 #btcusdt #bitcoin
