After one of the sharpest declines seen in recent weeks.
The recovery from the 60k zone has improved short-term sentiment, but the broader structure remains under pressure as price continues to trade below major resistance levels.
The immediate focus is on the 62.8k–63.2k region. A decisive move above this zone could extend the retracement toward 64k–65k, where stronger supply is likely waiting.
On the downside, 61k remains the first important support. Losing this level would shift momentum back in favor of sellers and increase the probability of another test of recent lows.
For now, the market is stabilizing after an aggressive selloff, but the burden of proof remains on buyers. Until higher resistance zones are reclaimed, the broader trend continues to favor caution.
Key Levels:
• Resistance: 63.2k, 64k–65k
• Support: 61k, 60k, 59k
The recovery from the 60k zone has improved short-term sentiment, but the broader structure remains under pressure as price continues to trade below major resistance levels.
The immediate focus is on the 62.8k–63.2k region. A decisive move above this zone could extend the retracement toward 64k–65k, where stronger supply is likely waiting.
On the downside, 61k remains the first important support. Losing this level would shift momentum back in favor of sellers and increase the probability of another test of recent lows.
For now, the market is stabilizing after an aggressive selloff, but the burden of proof remains on buyers. Until higher resistance zones are reclaimed, the broader trend continues to favor caution.
Key Levels:
• Resistance: 63.2k, 64k–65k
• Support: 61k, 60k, 59k
Disclaimer
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.
Disclaimer
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.