The first target of the upward correction at 2400.00 has been achieved; the price is halfway to the second target at 3150.00. Given the current situation, I’m considering a more optimistic scenario of reaching 3650.00—but not immediately, rather through a local downward correction. Globally, the scenario remains unchanged. I’m preparing an overview for you to bring clarity to the current situation.
The price is moving according to the expectations from the previous review; the scenario of forming a local downward correction is still relevant. The most likely target is 70000.00. I expect an entry into the marked area followed by a bounce.
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I expect an upward correction toward the 2.00 area.
In line with the scenario from the previous review, an upward correction has begun; the price has bounced off the 0.382 Fibonacci level. More likely, I expect a rise to the golden ratio at 2.20. In my view, this rise is a bullish trap; overall, the priority is a drop to 0.40.