Q2 2022 closed with greatest losses since 2020. Mainly using Head n Shoulders as a point of reference.
Price could recover, if so, looking to see how price reacts around the 35000 level. Obviously if it does, at least looking to see a move towards most recent highs.
If price is unable to reclaim 35000 I am looking for clear signs of rejection and unwillingness for buyer step above 35000. This could be one potential catalyst for a move to 34600 or 34400.
Around 34400 there could be a quick reclaim in price which would signal a potential formation of the right shoulder of this pattern. what happens there we would have to see in the coming week.
If 34400 doesnt hold support, I would consider this price enterting into seller territory. I would then be looking to see if price has enough momentum to re approach and challenge 34000.