For the first time in such a long time on a 1-week scale, the price has come close to the EMA200, the market has never been fixed lower, this can be a good support. At present, globally unchanged: the asset is too oversold and needs correction for this fall, waiting for a rebound. But then another wave of decline may follow.
In the 1-hour format, you can see that we had a strong rebound of $ 3,660, which led to an impulse back of more than $ 4,000. After a large volume of purchases and a sharp rejection of 3650, the bulls retested and stepped back. The area around 3825 acts as a support, from where we can form a rebound to the level of about 5000.