“A large player has layered bids between $40,000 – $44,000, in line with the retest of our weekly level mentioned in my tweet below.
The last four times we closed above or below this level on the high timeframe, we have moved to the opposite end of the range over a number of weeks.
“The weekly candle closes in two days, and we want to close inside/above the BLUE region shown here to maintain this as a bullish retest.