BTC was rejected from the previous support and resistance zones.

This is definitely not what the army brothers want to see.

After experiencing a nice +15% rebound, it lost momentum again a week later.

That said, it is now the beginning of the week/month, and we often see new monthly candles bring about significant volatility.

These usually are not the strongest highs/lows set at the beginning of a new moon. So in the coming days, the 0.786 Fibonacci retracement is worth paying attention to.