Price action has continued to stay confined within a tight range conveying both indecision / lacking interest in the market currently.
Lowering and heavily oversold indicators point to a more overall market structure on the daily time frame.
The was in overbought territory, but has transitioned into a better technical landscape during the sideways price action over the past week.
The most critical points of to watch remain at 9,000 support and 10,100 for resistance.
Bearish: If the price breaks below 9,000, we could see a re-test of support at 8,700.
Bullish: If the price can break short-term resistance and break above 10,100, we could see another run to 11,000.
55% / 45%