US30 Technical Breakdown – 08/04/2025

📍 US30 Technical Breakdown – 08/04/2025

US30 sold off sharply, breaking down from the 44,600–44,700 range and diving as low as 43,500. Price is currently bouncing near 43,750, but the trend remains weak with lower highs and a breakdown structure intact.

The market lost its key support zone and is now attempting a weak relief rally. Bulls must reclaim 44,000 to avoid further selling pressure.

📊 Current Market Behavior:

📉 Sharp downside momentum
🔄 Small bounce after aggressive breakdown
🧱 Old support at 44,600–44,700 now acting as resistance
⚠️ Bearish structure intact unless reclaimed

📌 Key Levels:

🔹 Resistance Zones:

43,950–44,000 → Minor intraday resistance

44,600–44,720 → Major breakdown zone

44,943 → Swing high before selloff

🔹 Support Zones:

43,600 → Intraday bounce zone

43,500 → Recent low

43,200 → Next potential demand area

🧠 Bias:
📉 Bearish Intraday

Market still under heavy pressure with no major reversal signals. Relief rallies likely to be sold until key levels are reclaimed.