BTC Is Printing a Major Monthly Reversal SignalBitcoin / US DollarCOINBASE:BTCUSDinchartswetrustGood morning, traders ☀️ The Fed rate decision slightly damaged the monthly candle structure, but overall everything still looks ok 🛡️ At peak levels of 79,523, BTC posted a monthly gain of 21.2%, which already looks very strong by itself. Right now, a bullish Morning Star 🌅 reversal pattern is forming on the monthly chart, as April’s green candle has absorbed a significant part of February’s red candle (see chart). However, for a “perfect” formation, the red candle should be fully absorbed. That would require today’s daily candle to close above 79,400, which currently looks unlikely. 🦬Nevertheless, even the current structure still looks quite strong. Personally, I rarely pay attention to candlestick patterns on timeframes below the daily, since their influence there is much weaker and the formations themselves are often too random. 👀 Let’s closely watch April’s close. Peace 🌍