The price is testing the 0.618 Fibonacci level as resistance after the sharp movement. the price could have a rejection from that area after the pullback and got a new bearish impulse.

At the moment the market is going to create a new higher low in that area, as you can see on the left, this area is a confluence zone for Bitcoin .

How to approach?
IF the price is going to have a new rejection from that area, According to Plancton’s strategy, we can set a nice order
–––––
Keep in mind.

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

–––––
Follow the Shrimp 🦐