The price is testing the first support of the ascending change, where the price created a nice daily candle with a false breakout and hold the 40k support. In 4h timeframe, the price is going to create a descending channel below the weekly resistance. Now we need to monitor two levels, the weekly resistance for a long scenario and the daily 4h support for a deep retracement.
So how to approach it? IF the price is going to have a clear breakout from the weekly resistance (above 42k ) we could see a new bullish impulse on 45k, otherwise if the price is going to lose the 40k, the next valid support is 1.13 Fibonacci Ext, 37k ––––– Follow the Shrimp 🦐
my scenario in lower time frame , BTC are going to retest and filled imbalance zone at $39+++