The price got a rejection from the supply zone as I told you on the previous analysis.
On the daily timeframe , we can see a resistance exactly on 41800$.

On the lower timeframe, the price is testing the previous support area .
The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low.

How to approach?
If the price is going to lose the 38k Zone and retest it as new support, According to Plancton’s strategy, we can set a nice order.

The next valid support remains 34k
–––––
Keep in mind.

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

–––––
Follow the Shrimp 🦐