Monthly Chart ($BTC Index)

 ❶ The EMA [8,21,63,89] provides good results in detecting $BTC bottoms on the monthly chart.

 ❷ $BTC is still stuck between EMA [8.21].

 ❸ If there is a monthly close below the EMA [21], the statistical data shows the descent to the EMA [63].

 ❹ EMA [63] is pricing $BTC at 21K price level.

 ❺ If there is a larger liquidation than anticipated, then it is necessary to look at the EMA [89], that is, the 16K levels.  This is the moving average where $BTC was supported in the decline experienced during COVID last year.

 ❻ If the descent to the EMA [63] is to occur, this process points to a 2-3 month period, not from today to tomorrow, according to the data.

 ❼ Finally, on a monthly close basis, it seems reasonable to follow the EMA [8] as long as the EMA [21] is maintained and the EMA [63] when it is lost.