The market is very nervous due to the Russia and Ukraine conflict.
From my previous idea(https://www.tradingview.com/chart/BTCUSDT/FLFQjH6u-BTCUSDT-is-testing-the-0-618-Fibonacci-Level/) , we made more than 12% and now the market is testing the first important level on 0.886 Fibonacci level and static support.

We could see a bounce until the daily resistance or a new false breakout from it with a retest of 37k as well.

How to approach?
We are waiting for a retest of our structures for a new bearish impulse until our key level is around 33k .
33k is a weekly support and it’s so important, so if the price is going to have a retest and it will satisfy our rules, we can look for a new short position or increase the existing one.
The scenario is invalidated above the 40k
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Follow the Shrimp 🦐

Keep in mind.

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