plancton0618

BTCUSDT needs to create the new Higher high!

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
the price bounced on the 33k area on the monthly support and got the liquidity until the 0.382 Fibonacci level as new resistance.

On the weekly timeframe , the price is testing the dynamic support.
On the daily timeframe , the price had a breakout from the dynamic support and now the price is testing the previous support as new resistance.

On the 4h timeframe the price had a breakout from the falling wedge and now it's trying to create a new higher high.

How we can approach it?
For a bullish scenario, the price needs to create a new higher high from that area above the 0.5 Fibonacci level (41k) with volume and momentum.

IF the price is going to lose the 4h support we could see a new bearish impulse until the next demand zone
Comment: so far so good
3.91%
Comment: 7.77%
Comment: The price followed my drawing and reach my arrow.
Everything was as expected.

MTB and CPS satisfied
Clear 10%

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