The price is testing important support on the daily timeframe at 2570$.
The price got rejections from the dynamic daily resistance .

On the 4h timeframe, the price seems weak, and the market created a head and shoulders where the neckline is the 4h support on 2600-2500.

How to approach?
We are waiting for the next move, for a bearish scenario we need to see a clear breakout with volume and a retest of the neckline as new resistance.
If our rules are going to satisfy, we could open a new short position. The next valid support is 2400-2300 where you can find the weekly support.
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Keep in mind.

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

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Follow the Shrimp 🦐