BTC after coming to the level of 32.9K gave an impressive bounce-back to the level of $45.8 K. it is currently trading at the level of 42.1K at the time of writing. As shown in the chart, the macroscopic view of its prices provides us with a range of 31K and 64K respectively. BTC gave a Fake Breakout from the range and could not hold the levels. Slowly and steadily, it rolled down to 32.9K. However, it has given a trendline breakout and is currently witnessing a retracement after the breakout. Bulls should come in at the level of 40.5K and offer support while the next level of support is present at 38K. Currently, waiting for the retracement to end and then taking positions could be a good strategy to work upon.