Key Levels and Scenarios: Bullish Momentum vs. Bearish Risks
Technical Analysis
The price currently holds a bullish bias as long as it trades above 20860.
Bearish Scenario: A sustained break below 20860 could initiate a drop toward 20750. Further confirmation, with a 4-hour candle close below 20750, would signal extended bearish momentum, targeting 20660 and 20550.
Bullish Scenario: Stability above 20860 indicates bullish momentum, with the price aiming for 20990. A 4-hour candle close above 20990 would confirm further upside potential, targeting the all-time high (ATH) around 21250.
Key Levels:
Pivot Point: 20860
Resistance Levels: 20990, 21080, 21250
Support Levels: 20670, 20550, 20330
The price currently holds a bullish bias as long as it trades above 20860.
Bearish Scenario: A sustained break below 20860 could initiate a drop toward 20750. Further confirmation, with a 4-hour candle close below 20750, would signal extended bearish momentum, targeting 20660 and 20550.
Bullish Scenario: Stability above 20860 indicates bullish momentum, with the price aiming for 20990. A 4-hour candle close above 20990 would confirm further upside potential, targeting the all-time high (ATH) around 21250.
Key Levels:
Pivot Point: 20860
Resistance Levels: 20990, 21080, 21250
Support Levels: 20670, 20550, 20330
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