Just from observing this chart, the situation appears unpromising, and here's why:
Hello,
As we've witnessed in recent days, BTC has encountered some difficulties. While many people remain optimistic about the arrival of a new bull cycle, price movements have been hindered by regulations.
BTC will experience a price surge; it's certain, but it has yet to attract sufficient holders.
Holders tend to purchase at a discounted rate, as exemplified by bullish or bearish order blocks.
In the 4H timeframe, you can identify the order block within the range of 26300-26700. I believe that before we can witness prices surpassing 40K, we must focus on obtaining liquidity within this specific block.
"A tree cannot ascend to heaven if its roots don't delve into hell."