Bullish Scenario (Green Arrow):
Analysis Logic: The price is currently fluctuating around the $83,800 level. An intermediate support level has been identified near $82,500 (the middle dashed line). If the price can stabilize above this level and buyer momentum returns, the next target will be the upper red zone (around $85,000), which represents a key resistance level and the previous high.
Confirmation Condition: For this scenario to materialize, we need to see increased trading volume on bullish candles and a breakout above recent minor highs (such as $84,200).
2- Bearish Scenario (Red Arrow):
Analysis Logic: The current structure appears somewhat weak, with lower highs forming. If the $82,500 level (middle support) is broken by a strong bearish candle, the price will likely stage a minor pullback toward the breakout point before dropping to the lower green zone (approximately $78,500 to $79,000). This green zone represents a very strong support level and a previous demand zone.
Confirmation Condition: A decisive break below $82,500 and a failure of the price to quickly reclaim that level.
