The 4h timeframe tells a continuation story.
Here we can observe that we have been developing an Eve top at this price range, so this is likely to be a SUPPLY zone (a zone where traders will be selling their BTC).
The EMA20 on 4h, marked with the green line, is serving as dynamic support.
We could be seeing this supply zone beat the bulls and move down to our known demand zone of 36k.
If 36k actually works as support then it could be a bullish sign.
Sounds like all we can do at the moment is wait for this pattern to unfold.
