BTCUSDT is testing the resistance

the price is testing the key level on the 4h timeframe after a clear breakout from the daily.
The price could retest the 0.382 Fibonacci level in order to grab new liquidity and create a new bearish impulse until the monthly support
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐

Komentar:

the price is testing the previous support as new resistance.
More if the price is going to confirm the flip