Looking at the Daily chart, the entire range is from 42,000-46,000.
Price is bumping its head up against 45,000 multiple times and forming a bearish range.
Major support is down at the 2025 Open from 42,000-43,000.
It looks like one more pump up to around the 45,000 area before the dump.
8 Hour Chart

2 Hour Chart

15 Minute Chart and how selling at the top of the range around 45,000 has been occurring.

Price is bumping its head up against 45,000 multiple times and forming a bearish range.
Major support is down at the 2025 Open from 42,000-43,000.
It looks like one more pump up to around the 45,000 area before the dump.
8 Hour Chart
2 Hour Chart
15 Minute Chart and how selling at the top of the range around 45,000 has been occurring.
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Disclaimer
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.