After post-CPI nuke everyone turned ultra bearish and that's normal. Global economics is in very bad shape, still hard to find anything poositive.
And that's suspicious.
far now it's liquidity game.
For now it says up towards 22 k to create lower high at least.
but..
Imagine how many shorts will open there.
Imo we can still see some similarities to previous accumulation patterns.
PA at this level will be crucial. If we can break the 4h trend to the upside above 22 k I think we will break that orange trend line also and that should give us pretty big run towards taking local highs, so above 25 k.
We can still reject and make a small lower low to keep that scenario alive.
In short term push above 2.4/5 should give us a small run imo.
And that's suspicious.
far now it's liquidity game.
For now it says up towards 22 k to create lower high at least.
but..
Imagine how many shorts will open there.
Imo we can still see some similarities to previous accumulation patterns.
PA at this level will be crucial. If we can break the 4h trend to the upside above 22 k I think we will break that orange trend line also and that should give us pretty big run towards taking local highs, so above 25 k.
We can still reject and make a small lower low to keep that scenario alive.
In short term push above 2.4/5 should give us a small run imo.