EcoByG Bitcoin Daily Analysis #23 — Daily BTC Market UpdateBitcoin / U.S. dollarBITSTAMP:BTCUSDecobyg1Here, each candle is a one-month vote by the market — not one day of emotion. Hello and welcome to my Analysis This is a 1M (monthly) chart, meaning each candle represents one full month of market decision-making. So rushing here is the biggest enemy of analysis. I read this analysis in three layers — let’s unpack them together. Layer One: Candle Counting & Time Phases (From the 2020 bottom to now) 🔹 Phase 1 — Exiting the Bottom (2020) | ~6–8 candles What do we see? Green candles with decent bodies Short pullbacks Small lower wicks → sellers lack power Price moves easily through lower angles 📌 The market is no longer cheap. Accumulation is over — Markup has begun. 🔹 Phase 2 — Strong Bull Trend (2020 to early 2021) | ~10–12 candles Clear, consecutive green candles Corrections via small or wick-heavy candles Price holds above key angles (even 1/1) 📌 “The trend is healthy.” No strong opposing candle — sellers have no control yet. 🔹 Phase 3 — Topping & Distribution (late 2021) | ~4–5 candles Here the candle tone changes: Smaller bodies Long upper wicks Multiple candles with similar highs 📌 Buyers are still present, but no longer aggressive. This is where the market breathes, not where it crashes. 🔹 Phase 4 — 2022 Sell-Off (Markdown) | ~6–7 candles Large red bodies Closes below key angles Weak, short-lived bounces 📌 This isn’t just a price drop — it’s a candle shift. The cycle has changed. 🔹 Phase 5 — Base Building (2023) | ~4–6 candles Small bodies Clear lower wicks Sellers weaken month by month 📌 Capitulation is over. The market is now buying time, not price. 🔹 Phase 6 — New Bullish Wave (2023–2025) | ~12–14 candles Green candles return Controlled pullbacks Price moves above the 1/1 angle But one key difference vs. 2021: Candle bodies gradually shrink 📌 Growth is more mature — but also more fatigued. 🔹 Phase 7 — After the ~126K Top (2025–2026) | Recent candles What do we have now? Several small-body candles One mild red candle No decisive bearish candle yet 📌 This is indecision, not confirmation of a downtrend. Layer Two: Candle Reading of the Recent Months (Very Important) Current monthly candle behavior: Small bodies Wicks on both sides Price still holding the 1/1 angle 📌 Neither buyers nor sellers are in full control. This type of behavior usually points to: Distribution, or A time-based pullback —not a violent sell-off. Layer Three: Gann Fan Reading The simple rules: Above 1/1 → structurally bullish market Break & hold below 1/1 → phase-change warning Reach 1/2 → serious cyclical correction Where are we now? Price is fluctuating on the 1/1 angle No monthly close below it yet 📌 Until a monthly candle closes below 1/1, the bearish scenario is not confirmed. Final Summary ❌ Common mistake: “Price pulled back from the top, so it’s bearish now.” ✔️ Candle-based reality: No strong bearish monthly candle yet Structure is still intact This phase could be: A time correction, or A long distribution before a major decision 📌 This is not a place for prediction. This is a place to wait for the next candle — then judge. The monthly market doesn’t speak in haste; it speaks in patience. ⚠️ Risk Alert ⚠️ Futures are not beginner-friendly. These triggers require solid experience. Before using them, study risk management and practice with the learning content here.