On the 1 hour chart, we can see that we have a minor support zone around the 5042 level where we can also find the red 21 moving average for confluence. If the price pulls back to the zone, the buyers will look to buy the dip as they will have a better risk to reward setup to target new highs. The sellers, on the other hand, will want to see the price breaking lower to confirm a reversal and increase the bearish bets into new lows.