The market has retraced about one-third of the recent bullish move and could be entering a short-term accumulation phase around the 60K price level. However, a strong upward impulse could indicate renewed bullish momentum, possibly driving the price toward the channel boundary. Keeping a close watch on price action around the 60K level will be key to predicting the next directional move. The target is the resistance zone near 65,400
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.