Market Overview
After the sell-side liquidity grab near 4,680, buyers reclaimed structure and pushed price back into bullish territory. The current sideways compression under 5,120 indicates absorption of supply. A sustained hold above 5,000 keeps the bullish bias intact while liquidity sits above 5,120.
Key Scenarios
✅ Bullish Case 🚀
• Hold above 5,000 trendline
• 🎯 Target 1: 5,120
• 🎯 Target 2: 5,200
• 🎯 Target 3: 5,300+
❌ Bearish Case 📉
• Break below 5,000
• 🎯 Target 1: 4,920
• 🎯 Target 2: 4,820
• 🎯 Target 3: 4,680
Current Levels to Watch
Resistance 🔴: 5,080–5,120
Support 🟢: 5,000–4,980
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
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🦁 Eliana Signals Access:
t.me/Elianathought
t.me/Elianathought
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
