M1 : Recovery attempt in progress W1 : KEY PIVOT LEVEL @ 43'380 (Kijun). Pullback in progress towards the former uptrend support line ! D1 : Attempting to breakout the 40'000 without great success for the time being, still below the clouds ! H4 : Recent pullback towards a high of 41'341, has been rejected from the former support trend line (in green): as a result, BTC is now below Tenkan-Sen and has already tested the former top level around 39'500 ! A failure to hold sustainably above 39'500 would be the first warning of a confirmation of a top in place, calling for lower levels towards the MBB, currently @ 38917 which should be seen as a good barometer for further development. Below next significant support is @ 38'062 (50% Fib ret and Kijun). A breakout of the former high @ 41'341 would open the door for the W1, key pivot level @ 43'380 H1 : Watch the clouds support area on the downside and former high on the upside M30 : Watch the clouds for direction M15 : Sideways price action M5 : Triangle breakout on the upside in progress. Watch upcoming period for validation or invalidation of this pattern Have a nice trading day All the best and take care Ironman8848