๐ Current Situation
The market value is now around 1.12T after touching a peak close to 1.15T and has entered a downward correction.
The current candle indicates a healthy correction after a strong upward wave that began from levels below 1.0T.
The trading volume is still normal and there is no significant explosion indicating fear or panic.
๐ข Important Support Areas
1.10T โ First support very close to the current price. Breaking it could open the way for further decline.
1.05T โ Strong support because the price has relied on it multiple times.
1.0T โ Pivotal area (main support).
Below it: 950B and 900B as deeper supports in case of a larger decline.
๐ด Nearby Resistance Areas
1.15T โ This is the last peak, considered direct resistance.
Breaking it and sustaining above it could open the way to higher levels (1.20T and above).
๐ Upcoming Near-Term Trend
Positive Scenario: If the 1.10T area holds and the price bounces from it, we might see a retest of 1.15T and perhaps break above it.
Negative Scenario: Breaking 1.10T with a four-hour close will increase the chances of declining towards 1.05T and maybe 1.0T.
โ Summary
The overall trend is still upward in the medium term, but in the near term (short term) there is a downward correction that could extend to 1.05T if the 1.10T support does not hold.
Safe entry areas for speculation or futures should be close to 1.05T โ 1.0T with good risk management.
The market value is now around 1.12T after touching a peak close to 1.15T and has entered a downward correction.
The current candle indicates a healthy correction after a strong upward wave that began from levels below 1.0T.
The trading volume is still normal and there is no significant explosion indicating fear or panic.
๐ข Important Support Areas
1.10T โ First support very close to the current price. Breaking it could open the way for further decline.
1.05T โ Strong support because the price has relied on it multiple times.
1.0T โ Pivotal area (main support).
Below it: 950B and 900B as deeper supports in case of a larger decline.
๐ด Nearby Resistance Areas
1.15T โ This is the last peak, considered direct resistance.
Breaking it and sustaining above it could open the way to higher levels (1.20T and above).
๐ Upcoming Near-Term Trend
Positive Scenario: If the 1.10T area holds and the price bounces from it, we might see a retest of 1.15T and perhaps break above it.
Negative Scenario: Breaking 1.10T with a four-hour close will increase the chances of declining towards 1.05T and maybe 1.0T.
โ Summary
The overall trend is still upward in the medium term, but in the near term (short term) there is a downward correction that could extend to 1.05T if the 1.10T support does not hold.
Safe entry areas for speculation or futures should be close to 1.05T โ 1.0T with good risk management.
