The chart tells a story of uncertainty and potential opportunities in the market. Currently, the price hovers around $99,898.54, but the real tension lies in two key levels: the resistance at 102K and the CME gap around $78K.
The text on the chart emphasizes the critical decision the market must make. "We have to break 102K for a higher high, or else a downward move is expected," it states. This level acts as a psychological barrier for further growth. If the resistance is broken, it would signal a bullish continuation.
On the other hand, the CME gap remains an interesting factor. Historically, gaps have a high probability of being "filled," implying the price might retrace to this level. With an estimated 69% chance, this is a scenario traders are closely watching.
In short, the market is at a crossroads. The next move will likely be determined by macroeconomic factors, market sentiment, and technical signals. For now, it’s a matter of waiting to see if the bulls have enough strength to break the resistance or if we’re headed for a more bearish correction toward the CME gap.
The text on the chart emphasizes the critical decision the market must make. "We have to break 102K for a higher high, or else a downward move is expected," it states. This level acts as a psychological barrier for further growth. If the resistance is broken, it would signal a bullish continuation.
On the other hand, the CME gap remains an interesting factor. Historically, gaps have a high probability of being "filled," implying the price might retrace to this level. With an estimated 69% chance, this is a scenario traders are closely watching.
In short, the market is at a crossroads. The next move will likely be determined by macroeconomic factors, market sentiment, and technical signals. For now, it’s a matter of waiting to see if the bulls have enough strength to break the resistance or if we’re headed for a more bearish correction toward the CME gap.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.