▶️ so, Monthly and weekly chart are providing Nature and Direction of position for get the advantage drawdown. My question to is regarding this situation which Timeframe of chart should monitor for decided the opening position of each trade?

Bitcoin is actually doing nothing on the monthly chart.
The price has been ranging for the last four months took the highs, took the lows, and is now just trading in between.

In my opinion monthly chart is very high timeframe to look at it will remain bullish even if it drops down to $75k but you don’t have to hold through that big of a drawdown so we keep our focus on the weekly chart.