🔎 Current situation (92,626$)
This is the right time for market movement. Analyze the image well, the price is in a strong supply area between:
93,050 – 93,100$ (Selling Area + Upper Liquidity + Many Peaks) and the price is rejecting them with candles that have upper wicks → Sign of buying weakness currently.
📉 The likelihood of the closest drop
With the movement structure and resistance rejection, the closest scenario:
Corrective drop towards the next support areas:
1️⃣ First important support
$92,150 – $91,900
Strong volume area + EMA test.
2️⃣ Second support (very strong)
$91,500 – $91,150
Previous POC + Clear request in the volume profile.
3️⃣ Main support (potential buying area)
$90,800 – $90,400
This area every time the price touches it gives a strong rebound.
📈 When do we return to the rise?
The rise continues only if:
1. Close the hourly candle above $93,100
→ This means a clear breakout + new liquidity
→ The target is $94,000 then $95,200.
⛔Currently, there is no breakout, only rejection.⛔
🧭 The brief summary
✖️ The price is inside a selling area and fails to break out.
✔️ The closest scenario = Corrective drop towards 92,150 then 91,
500.
✔️ Reversal to the upside only upon closing an hour above $93,100.
📈 If the hourly candle closes above $93.000, will the price rebound or move quickly?
🎯 If the price closes above $93,000 on the hourly frame
✅ The closest outcome: Quick upward movement
And not just a simple rebound, the reason:
🔥 Why will it move quickly?
1. Above $93,000 there is significant liquidity (Liquidity grab)
– Market makers are waiting above it to activate Buy stop orders.
2. The volume profile above 93k is relatively empty
– This means the area above it has low trading volume
The price moves quickly without strong resistances.
3. Break through the current supply area
– This area is currently preventing the rise; once broken, a "price breakout" occurs.
🎯 Where can it quickly reach?
After closing above 93k:
First quick target: $93,500
Second target: $94,200
Then strong resistance at 95k
📌 Summary
Yes, if it closes above $93,000 on the hourly frame → it will be a strong and fast upward movement, not just a small rebound.
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