The Wave Report – by CrypFlow
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The Wave Report #3 - Highest monthly close ever

The Wave Report #3 - Highest monthly close ever

Historic monthly close. Weekly support confirmed. Now what?

June 02, 2025

June kicks off with a major milestone: Bitcoin closed its highest monthly candle ever!

That’s not just bullish, it’s historic.

But the big question now is: will it hold?

🟩 Monthly Chart: Breakout confirmed, now flip it into support

Bitcoin officially closed May above all previous monthly candles.

Breakout confirmed with a candle close above key resistance at $102.3K
In June, BTC will now try to turn this level (R/S flip) into support
If that flips into support → price discovery begins

Indicators also support strength:

📈 Stochastic RSI confirmed a bullish cross
📊 RSI reclaimed its moving average

If BTC closes June above $102.3K, the trend is intact and accelerating and BTC will head into price discovery. Charts are saying this is the most probable path right now.

📉 If the flip does fail, weekly support levels come into play at $104K, $101.2K, and $97.4K. Structure remains bullish as long as BTC holds above these.

🚨 Only a break below $82K (monthly S2) would be alarming.

But one candle doesn’t tell the full story. To confirm real strength, we need to see follow-through on the weekly timeframe. And that's exactly what happened...

📊 Weekly Chart: Support confirmed

After a record-high weekly close last week, Bitcoin pulled back to retest support again at $104K, which is healthy. It needs a breather before pushing higher.

All the bullish signals I highlighted on X are now aligning: