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
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so far so good 3.91%
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7.77%
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The price followed my drawing and reach my arrow. Everything was as expected.