In an overall downtrending market, intraday charts are showing a developing distribution zone. The sellers probably have enough buyers to sell to. I don't expect the 40k prices to be revisited. That's why a stop loss is set right there.
Note
Distribution unfolded by sellers footprint aiming for a lower low
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.