May OutlookBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PsabinaGMWith the weekly close approaching, we can clearly see two weeks of consolidation within the 73.5K to 79.5K range, forming a roughly 6K consolidation zone. This week’s low reached the 75K area, where demand stepped in at the H4 order block after a new bullish H4 CHoCH that showed that the trend its still strong. On the monthly chart, the monthly bearish FVG low is acting as resistance below 80K, continuing to build liquidity in the 80K to 82K zone. As this support holds and based on the current weekly close, which is shaping as a hanging man, and considering that the May monthly low may not have been printed yet, I am interested in a long 🐂 around the 73.5K to 72K zone. This area could serve as a potential location for May low. That point of view of the Monthly low potential area is based on the recent monthly structure. March printed a reversal hammer, April confirmed the reversal, and April closed above March’s high, which strengthens that confirmation. Based on this pattern, another bullish monthly close remains with higher possibility. In this type of sequence, the second candle usually does not retrace deeper than half of the previous candle’s body, in this case referring to April’s full range. Regarding the CME (BTC1!) 80K GAP, price appears to be attempting to build acceptance above the gap low at 78,480. For now, I still lean toward the idea of the gap being filled before any meaningful reversal toward new daily lows. For a short 🐻, I am watching the 85K liquidity zone for a potential corrective move, using the weekly 50 EMA as my stop loss zone. Whichever scenario presents first will be of interest. This is based on the current structure and can shift as price evolves. For me the Bull trend 🐂 reference for this Month will be the H4 200 EMA + Not getting any weekly close below the 72K - 72.5K zone