This recovery phase is showing clear signs of weakness, and the market does not have enough momentum to reverse the trend.
On a larger time frame, the main trend still leans toward a decline.
Currently, the price structure is a short-term rebound on the daily chart, while a head-and-shoulders pattern is forming on the weekly chart.
This indicates that downward pressure still exists.
The price could drop to the 66k - 63k zone.
(Personal opinion)
On a larger time frame, the main trend still leans toward a decline.
Currently, the price structure is a short-term rebound on the daily chart, while a head-and-shoulders pattern is forming on the weekly chart.
This indicates that downward pressure still exists.
The price could drop to the 66k - 63k zone.
(Personal opinion)
















