If the monthly line is a large bullish candle with a rise of over 60%, then there will at least be one wave of upward movement this month. The $4000 round number is still an important resistance level. Be cautious of a false breakthrough after a strong upward move, followed by a rapid price drop.
To break out effectively, it is only valid if it stabilizes above $4000, similar to the movement in December 2024 (as indicated by the red circle).
The daily line is a long bearish candle, and the trading volume is normal, with continued high-level oscillation.
The price has declined to the 8-hour EMA52 line that we have been mentioning for the past two days, so there is a rebound here. The momentum of the 8-hour rebound is stronger than the 4-hour, but the running time period will also be relatively stronger, making it more likely for the price to reach a new high. Therefore, it will challenge the $4000 round number again.
The small level rebound position is around 3780.
Daily level resistance at 4000-4170-4375-4650, support at 3660-3565-3410-3260-3100.
