2H Chart - Price Key Points:
- Every attempt to cross $9450 has been met with solid resistance.
- Under 20MA, 50MA, 100MA.
- Indicators signal exhaustion.
- Volume fragile.
- Bullish scenario is cracking.
- Possibilities of a sub $9K retest are increasing.
Possible Scenarios (adjusted) :
Long: On a confirmed break above $9164 – Price Target $9388 | Probability: 32% | Signal Strength: 2/5
Neutral: Price Range $8980 - $9164
Short: On a confirmed break below $8980 – Price Target $8726 | Probability: 39% | Signal Strength: 4/5
Our Stance: Shifting interest to temp short positions.
This is a very concise breakdown of the current price action... thank you for posting!
Thank you for your kind comments!