(XBTUSD 1h chart) - Short term view
It appears to have failed to ascend above the 38225.0 point.
However, it's a good idea to check where today's deadlines are being created.
If the price is maintained above the 38225.0 point, it is necessary to check if there is an attempt to break above the resistance zone.
As such, you should check to see if they are attempting to break above the resistance zone on the 31st of January.
If the decline is from the 37845 point, we need to see if there is support above the 37265.0 point.
A decline from the 37265.0 point is likely to provide primary support at the 35K but is highly likely to break below the 33101.0 point.
However, it's a good idea to check where today's deadlines are being created.
If the price is maintained above the 38225.0 point, it is necessary to check if there is an attempt to break above the resistance zone.
As such, you should check to see if they are attempting to break above the resistance zone on the 31st of January.
If the decline is from the 37845 point, we need to see if there is support above the 37265.0 point.
A decline from the 37265.0 point is likely to provide primary support at the 35K but is highly likely to break below the 33101.0 point.
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