BTCUSDT needs to create a new Higher High
Bitcoin / TetherUS BINANCE:BTCUSDT
Bitcoin close above the 40k on the weekly perspective, it’s a good sign.
On the 4h time frame, the price failed to create a new Higher High of 43k.
We could see a bullish scenario if the price is going to create a new higher high with volume and confirmations as I told you in the previous analysis. on 43k we can see the supply zone .
Otherwise, if the price is going to lose the 40k support and retest it as new resistance, the next support is the 37k.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
