According to my previous analysis, the price got a rejection exactly on the daily resistance as I told you. The resistance on 3400$ is so strong and the price needs new liquidity to create a clear breakout from it. At the moment the market is overextended, and we could see a retracement before the new bullish impulse.

On the 4h timeframe, the price is following my previous drawing and the market is testing the previous 4h resistance as new support. The price needs to hold it.

So, IF the price is going to grab new liquidity and gain momentum, we could see a new bullish impulse above the 3460 (new higher high) and if the price is going to retest the previous resistance as new support, we could see a new bullish impulse, where the next resistance could be on 3700.

Otherwise, if the price is going to lose the 3140$ we could see a retest of 3k as new support.
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Keep in mind.

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