The price is testing the Daily support on the 0.618 Fibonacci level as I told in my previous analysis. We Could see a pullback on the previous 4h support now new resistance around 43k.
As you can see the 40k is a key level, if the price is going to lose it and retest as new resistance we could see a bearish impulse until the 34k
How to approach? In a short term, we could see a bullish impulse until the 43k. According to Plancton's strategy, we can set a nice order ––––– Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
––––– Follow the Shrimp 🦐
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The price is testing the daily structures so far. We are waiting for a pullback until the previous 4h support on 43k. If the price is going to lose 41k the next valid support is 40k