BTCUSDt is testing the 0.618 Fibonacci Level

On the upper chart, the price got a rejection from the monthly resistance on 48100$ and now the price is testing the previous weekly resistance as new support on 0.618 Fibonacci level.

On the 4h timeframe, the price is testing the 0.886 Fibonacci level after a rejection from the 0.618 Fibonacci level

How to approach?
the price needs to hold that level and the next 4h support on 41600-41500.
If the price is going to lose the support, the next valid support is 40k.
Otherwise, if the price is going to have a breakout from the 43700, we could see a retest on the upper dynamic resistance.
According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

Komentar:

The price had a breakout from the weekly support and now it's testing the last 3h support before the daily support on 40k

Wait for NY opens

Komentar:

Next valid support is 40k

Komentar:

The price is testing 40k as I told you.
5.38% so far