Bitcoin <\/h2>\n\n\n\nThe Monthly<\/em> chart of Bitcoin <\/h3>\n\n\n\n![\"monthly](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/20250530-BITCOIN-REPORT.png\" "\\"\\"")
<\/a>Monthly Chart of Bitcoin Spot (Coinbase quotes) on May 30th 2025<\/figcaption><\/figure>\n\n\n\n<\/div>\n\n\n\nApril ended with an outside up bar. Price responded by rallying again in May. The monthly candlestick traded above the previous higher high, surging from a retest of the prior breakout level. This move brought critical developments:<\/p>\n\n\n\n
\n- Price surged from the breakout point until a higher high without trading at or below the breakout point level
<\/li>\n\n\n\n - This is visible on main charts, such as Coinbase Exchange Bitcoin Spot chart and from the Ishares Bitcoin (IBIT) ETF
<\/li>\n\n\n\n - Therefore, the breakout point level remains protected, indicating bulls are still in control
<\/li>\n<\/ul>\n\n\n\nAt the upper wick of May\u2019s candle, a long tail suggests that sellers engaged near resistance. This tells you the area remains contested. But the case is weak for the bears:
<\/p>\n\n\n\n
\n- Bulls still control the structure
<\/li>\n\n\n\n - Few professionals want to short into bull\u2019s strength
<\/li>\n<\/ul>\n\n\n\nThere are two clear measured move targets to watch:<\/p>\n\n\n\n
\n- $120,000 projection based on the 2021\u20132022 drawdown
<\/li>\n\n\n\n - $140,000 projection based on the current pullback
<\/li>\n<\/ul>\n\n\n\nAlso notable: the 12-month EMA is now above $80,000, this is certainly an average to watch, since it is the breakeven price of many Bitcoin holders.<\/p>\n\n\n\n
The Weekly<\/em> chart of Bitcoin <\/h3>\n\n\n\n![\"weekly](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/20250530-BITCOIN-REPORT-1.png\" "\\"\\"")
<\/a>Weekly Chart of Bitcoin Spot (Coinbase quotes) on May 30th 2025<\/figcaption><\/figure>\n\n\n\n<\/div>\n\n\n\nA large cup formation is visible on the weekly chart. The right side of the cup developed through a six-week bull micro channel. Currently, the weekly bar is an inside bar. The same is true for the IBIT ETF (after this week’s close).<\/p>\n\n\n\n
Inside bars are often early-stage pullbacks. In this context, they may act as the beginning of a handle, which could complete a Cup and Handle pattern. This is important for one reason:<\/p>\n\n\n\n
\n- Traders need tighter formations to define risk
<\/li>\n\n\n\n - A handle provides a place to place a reasonable stop near entry
<\/li>\n\n\n\n - Without it, the setup lacks a risk management structure
<\/li>\n<\/ul>\n\n\n\nThe current environment supports this setup:<\/p>\n\n\n\n
\n- The prior bull trend is strong
<\/li>\n\n\n\n - The cup depth is not too deep
<\/li>\n<\/ul>\n\n\n\nIf the handle forms, traders can act with more confidence. They\u2019ll know quickly if the trade works, and the expected payoff can be worth the attempt. Historically, this pattern gives:<\/p>\n\n\n\n
\n- About a 40% chance of achieving a 2:1 reward-to-risk move
<\/li>\n<\/ul>\n\n\n\n2021 vs 2025 \u2013 Cup and Handle Differences<\/strong><\/h4>\n\n\n\n
<\/a>April ended with an outside up bar. Price responded by rallying again in May. The monthly candlestick traded above the previous higher high, surging from a retest of the prior breakout level. This move brought critical developments:<\/p>\n\n\n\n
- \n
- Price surged from the breakout point until a higher high without trading at or below the breakout point level
<\/li>\n\n\n\n - This is visible on main charts, such as Coinbase Exchange Bitcoin Spot chart and from the Ishares Bitcoin (IBIT) ETF
<\/li>\n\n\n\n - Therefore, the breakout point level remains protected, indicating bulls are still in control
<\/li>\n<\/ul>\n\n\n\nAt the upper wick of May\u2019s candle, a long tail suggests that sellers engaged near resistance. This tells you the area remains contested. But the case is weak for the bears:
<\/p>\n\n\n\n- \n
- Bulls still control the structure
<\/li>\n\n\n\n - Few professionals want to short into bull\u2019s strength
<\/li>\n<\/ul>\n\n\n\nThere are two clear measured move targets to watch:<\/p>\n\n\n\n
- \n
- $120,000 projection based on the 2021\u20132022 drawdown
<\/li>\n\n\n\n - $140,000 projection based on the current pullback
<\/li>\n<\/ul>\n\n\n\nAlso notable: the 12-month EMA is now above $80,000, this is certainly an average to watch, since it is the breakeven price of many Bitcoin holders.<\/p>\n\n\n\n
The Weekly<\/em> chart of Bitcoin <\/h3>\n\n\n\n
<\/a>Weekly Chart of Bitcoin Spot (Coinbase quotes) on May 30th 2025<\/figcaption><\/figure>\n\n\n\n <\/div>\n\n\n\nA large cup formation is visible on the weekly chart. The right side of the cup developed through a six-week bull micro channel. Currently, the weekly bar is an inside bar. The same is true for the IBIT ETF (after this week’s close).<\/p>\n\n\n\n
Inside bars are often early-stage pullbacks. In this context, they may act as the beginning of a handle, which could complete a Cup and Handle pattern. This is important for one reason:<\/p>\n\n\n\n
- \n
- Traders need tighter formations to define risk
<\/li>\n\n\n\n - A handle provides a place to place a reasonable stop near entry
<\/li>\n\n\n\n - Without it, the setup lacks a risk management structure
<\/li>\n<\/ul>\n\n\n\nThe current environment supports this setup:<\/p>\n\n\n\n
- \n
- The prior bull trend is strong
<\/li>\n\n\n\n - The cup depth is not too deep
<\/li>\n<\/ul>\n\n\n\nIf the handle forms, traders can act with more confidence. They\u2019ll know quickly if the trade works, and the expected payoff can be worth the attempt. Historically, this pattern gives:<\/p>\n\n\n\n
- \n
- About a 40% chance of achieving a 2:1 reward-to-risk move
<\/li>\n<\/ul>\n\n\n\n2021 vs 2025 \u2013 Cup and Handle Differences<\/strong><\/h4>\n\n\n\n
- About a 40% chance of achieving a 2:1 reward-to-risk move
- The prior bull trend is strong
- Traders need tighter formations to define risk
- $120,000 projection based on the 2021\u20132022 drawdown
- Bulls still control the structure