$BTC

The monthly candle is approaching its close with a clearly bearish tone after a strong rejection from the higher supply zone.
Price attempted to sustain above the $117K–$123K supply region, but sellers stepped in aggressively, forming a long upper wick — a sign of distribution and strong overhead supply. The body of the candle has since retraced sharply, showing decisive selling pressure throughout the latter part of the month.
Currently, Bitcoin is closing near the $67K area, right below the marked weekly resistance (~$75K–$78K), which has now acted as a rejection zone rather than support.
Outlook:
If this candle closes near current levels, it will confirm Sideways and increase the probability of a move toward the monthly demand zone (~$48K–$60K). This area is a major support where buyers may step back in.