BTCUSDT false breakout?

As I told you on the previous analysis the price wanted to retest the supply zone.

At the moment the price is creating a long wick candle on that level, and it could be a false breakout of 43k.

As I told you before, the price needs to create a clear higher high with volume and momentum.

So if the price is going to create a clear breakout of 43k, and retest the resistance as new support, we could see another bullish impulse until 45k.

With the current candle, it seems like a stop-loss hunter.
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Keep in mind.

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

ความคิดเห็น:

the price needs to create a new breakout from the resistance

ความคิดเห็น:

The price is testing the resistance and the support.
Usually, consolidation below the resistance is a good sign for a bullish breakout!

Let's see!

ความคิดเห็น:

The price needs to create a new higher high above the 43k with confirmations.
Another false breakout could create a new bearish impulse