A bull breakout happened on 8 February 2021 and push the market to ATH 58K(Year to February 2021. Within 5 months, price go back to breakout zone and tested the psychological support(big round number 30K). At a daily time frame price still in ranging market and consolidating, bullish sentiment occur if price manage to break and trade above 40K level.
Bearish structure in weekly timeframe shows market still dint reach fibo extension 2, but it manage to hold at nearby support.
Weekly engulf zone possibility halt buy movement and start to swing sell.
Buy opportunity at Fibo EXT 1 and 2. Market structure temporary bearish in TF H1.
Daily candle broke neck indicates temporary downturn before it resume a bull on extension level.