Good Evening and I hope you are well.
comment: Neutral. I’d rather look for longs but it’s not impossible that we do another leg down. We have 2 potential lower bear trend lines that should continue to be support because I don’t think this can accelerate down as of now. Much more likely is a bounce for 23600/23800 or even 24000. We are missing the upper bear trend line and it’s unlikely the market will continue down in such a narrow one. If bulls do not quickly recover 23400 early on Monday, we can do another test down to 23000 from where I expect a bigger bounce and a break out of the bear wedge.
current market cycle: still qualifies as a trading range on the weekly chart as well as a bull trend on the monthly chart. It’s also a bear trend on the 1h or 4h chart. So pick what you like the most
key levels for next week: 23000 - 24200
bull case: If I had to trade, I’d be inclined towards longs more than shorts. 23000 is an obvious level to bounce from and we did so last week and Friday’s price action was also showing no acceptance at or below 23000. First target for the bulls is to break above the bear wedge around 23400 and then to make higher highs above 23600 again. If they can, there is no reason why we can not melt for 2400 or even 24200 to test the shallow bear trend line from the ath again.
Invalidation is below 22290
bear case: Bears got a decent pullback and hit my most reasonable bear target for this year. I was hoping for 22000 but at this point, without a bigger catalyst and given that we are couple of trading days from the end of the year, it’s just unreasonable to expect much lower prices at this point. If we don’t get real bad news, we will likely close the year around 24000. Bears are still slightly favored as long as the current bear wedge holds but if you want a good short trade, you will likely have to wait for 24000 or even 24300.
Invalidation is above 23562.
short term: Neutral but looking for longs rather than shorts. If we stay above 22900, we will likely see 24000 next week.
medium-long term - from 2025-11-23: 23k got hit. Thanks for playing. Year close around 24000 most likely.
comment: Neutral. I’d rather look for longs but it’s not impossible that we do another leg down. We have 2 potential lower bear trend lines that should continue to be support because I don’t think this can accelerate down as of now. Much more likely is a bounce for 23600/23800 or even 24000. We are missing the upper bear trend line and it’s unlikely the market will continue down in such a narrow one. If bulls do not quickly recover 23400 early on Monday, we can do another test down to 23000 from where I expect a bigger bounce and a break out of the bear wedge.
current market cycle: still qualifies as a trading range on the weekly chart as well as a bull trend on the monthly chart. It’s also a bear trend on the 1h or 4h chart. So pick what you like the most
key levels for next week: 23000 - 24200
bull case: If I had to trade, I’d be inclined towards longs more than shorts. 23000 is an obvious level to bounce from and we did so last week and Friday’s price action was also showing no acceptance at or below 23000. First target for the bulls is to break above the bear wedge around 23400 and then to make higher highs above 23600 again. If they can, there is no reason why we can not melt for 2400 or even 24200 to test the shallow bear trend line from the ath again.
Invalidation is below 22290
bear case: Bears got a decent pullback and hit my most reasonable bear target for this year. I was hoping for 22000 but at this point, without a bigger catalyst and given that we are couple of trading days from the end of the year, it’s just unreasonable to expect much lower prices at this point. If we don’t get real bad news, we will likely close the year around 24000. Bears are still slightly favored as long as the current bear wedge holds but if you want a good short trade, you will likely have to wait for 24000 or even 24300.
Invalidation is above 23562.
short term: Neutral but looking for longs rather than shorts. If we stay above 22900, we will likely see 24000 next week.
medium-long term - from 2025-11-23: 23k got hit. Thanks for playing. Year close around 24000 most likely.
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน