Trading recommendations:
According to the H1 time frame, I found that there is a broken upward channel in the background, which is a sign that sellers are in control. I also found strong supply in the background, which is another sign of the bearish momentum. My advice is to watch for selling opportunities. The downward targets are set at the price of $3,410 and $3,154.
Support/Resistance
$3,937 – Intraday resistance
$3,613 – Intraday support
$3,410 – Objective target 1
$3,154 – Objective target 2
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