The bullish momentum on higher timeframes is currently losing strength.


However, the lower timeframes show an oversold market with the potential for forming a departure leg.


Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between 40k and 43k.


If the price breaks support at $40,275, a retest at $36,748 may occur.


Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.


Remember to be cautious during choppy market conditions and consider staying on the sidelines.


Trading isn't mandatory every day, and preserving gains is crucial.


Happy weekend. ✨✨


~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔
𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘
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