BTC 3M Macro Structure: Stepped Line Analysis & Key Support FlipBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PTheSolidInvestorTaking a step back from the lower timeframe noise by looking at Bitcoin (BTCUSDT.P) on the 3-Month (Quarterly) Step Line chart. By filtering out intra-quarter wick volatility, the step line highlights clean structural closes and multi-year macro shifts: Macro Resistance Turned Support: The multi-year distribution zone between $60,000 – $74,000 (previous cycle highs) has officially flipped into a critical macro demand band. As long as quarterly closes hold above this shelf, the broader long-term structure remains intact. Ascending Channel Test: Price previously tagged the upper boundary of the multi-year rising channel and is now consolidating back toward the lower support slope. Key Invalidation Shelf: A sustained quarterly close below $60,000 would open the door toward the historical $46,000 consolidation base.