The local highest volume node at 36600$ showed a strong support zone . We touched also the pink trend line aligned with candlestick's shadow. After the second bear trap we moved till the upper line of the local ascending channel and 0.786 Fib retracement around 41990$. At this level we have also the third highest volume node. The second is at ~ 42900$. Maybe we can reach it to make a bull trap and go down to retest the 40k$ (Fib 0,618) or the lower line of the local ascending channel around Fib 0.5 (39k$).
The 4H momentum, high RSI and VWAP going under 0 show us that we can have a potential down movement to cool off indicators after this rally.
We can have some sideways movement between 41000$ and 41500$ during this week-end and the next big movement can occur after CME futures opening to close the GAP at 40640$.
The 4H momentum, high RSI and VWAP going under 0 show us that we can have a potential down movement to cool off indicators after this rally.
We can have some sideways movement between 41000$ and 41500$ during this week-end and the next big movement can occur after CME futures opening to close the GAP at 40640$.