Your binoculars will be fine - they are what I recommend as the best bang for the buck capable hunting binoculars. The next step up under $1K Meopta Meostars.
I’m using Swarovski 10x42 SLC and wish I took the plunge earlier. This month they picked out an elk cow butt in super thick cover and we took 2 cows out of that group. Would not have spotted them with the Monarchs.
