Just some anticipation.
365 is an ideal target. If you don't want to risk a buy now, you should definitely wait and short at 365.
It offers a confluence of different major levels like a longterm resistance (purple)
and a strong OTE level. By the way a similar move has happened right around the same time one year ago.
This is a layout, don't take this as an exact...
Looking at the monthly chart we see a strong support at 1180 USD forming the lower side of the descending triangle with the downwards trend line on top.
If the support at 1040 USD falls, lower targets get activated. 1042 could be a short stop an its way down to levels around 800 USD or even more likely 700 USD.
If price breaks through the upper trend line, higher...