Why we should be using BTCXAUt GOLD pair and NOT BTCUSDT
These charts are DAILY chart
Top Left BTCUSDT Index - Top right DXY US $ Index
Bottome Left BTCXAUt Bitcoin GOLD - Bottom right GOLD USD
Easy to see how the USD is currently running FLAT after Months of devaluation (top left)
So while BTCUSD has risen, More $ per Bitcoin, the REAL Value of each $ is less than it was in 2023, when this bull run began taking shape.
If we look at the BTCXAUt chart, we can see how in the same time period, BTC has Lost to Gold since June but has begun to regain,
Infact, if we look at the BTCXAUt Weekly chatrt, you can see how BTC has walked all over GOLD.
More than that, just look at that pennant.
But Why is GOLD better pair than $?
Look at the Weekly GOLD chart
This is the same scale as the chart above.
GOTH HAVE RISEN IN VALUE SUBSTANTIALLY>
This is a WIN WIN situation
The DXY ni the same period
Ranging with Deeper Drops each time.
Trading is 90% more profitable with BTC GOLD pair
Even if you do not trade and you want to take profit, Sell your Bitcoin to GOLD and your profit continues to Rise !!
If you Trade the swings higer andlower on each asset, there is a risk but the Gains are REAL
Just saying, NOT Advice
Have a Nice weekend
Cryptos
DOGS; BUY OR SELL?Hello friends
Given that the price has reached the specified support and the price is supported by buyers in the specified area and the specified resistance has been broken, we can buy in steps with risk and capital management and move to the specified targets.
*Trade safely with us*
BTC smashes 120K, ETH tests 4.5K! Is Altseason finally here?Bitcoin breaks through $120K while Ethereum retests critical $4500 resistance. Our analysis reveals why this "Uptober" rally could signal the start of the biggest altcoin surge since 2021.
🚀 Rally catalysts
US Government shutdown : Dollar weakness from political uncertainty and Fed policy paralysis
"Uptober Effect" : Bitcoin historically averages 20%+ gains in October (currently up 5-6% with 3 weeks remaining)
Institutional flows: $4B+ institutional buying, 850K ETH whale accumulation in past 2 weeks
Q4 seasonality: Crypto's strongest quarter with historical momentum into year-end
📊 Bitcoin Technical Analysis
Pattern : Bullish hidden divergence confirmed with swing high breakout above $118K resistance
Current structure : Potential 5-wave Elliott sequence suggesting final impulse leg
Key levels : Support at $117K (trendline), resistance cluster $122K-$124K
Momentum : RSI recovering, MACD bullish crossover confirms continuation
⚡ Ethereum technical breakdown
Weekly setup : Successful retest and hold above $4K support, pennant/triangle breakout in play
RSI divergence : Bullish divergence confirmed on multiple timeframes, RSI near 60 (room to 70+)
Elliott wave count : Either completing Wave 5 (correction ahead) or early Wave 3 (massive move higher)
Cup & Handle : Measured move target to $6,850 based on long-term pattern
🔥 Altseason indicators - Total3 analysis
Chart pattern : Cup & handle formation on Total3 (altcoins ex-BTC/ETH) approaching ALL-TIME HIGHS
Key level : $1.1T breakout threshold - confirmation needs 3 daily closes above ATH
BTC dominance: Break below 60% support signals potential altcoin rotation
Targets: $1.2T initial, $1.3T extension if breakout sustains
💹 Trading Strategy
ETHEREUM LONG Setup:
Entry: $4,300 on pullback (current: $4,500)
Stop Loss : Below $4,050 (1.618 Fib extension)
Take Profit 1 : $5,200 (2:1 R/R)
Take Profit 2 : $6,850 (measured move target)
Risk Management : Trail stops above breakeven after TP1
Key levels to watch:
Bitcoin : $117K support, $122-124K resistance zone
Ethereum : $4,126 critical support, $4,500 resistance, $6,850 long-term target
Total3 : $1.1T breakout level for altseason confirmation
🎯 Market outlook
October living up to "Uptober" reputation with favourable macro setup. Dollar weakness, institutional flows, and technical breakouts align for potential crypto supercycle. Watch Total3 breakout - if altcoins breach ATH, we could see 2021-style altseason explosion.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ETHUSD: Financial and Market ReportPremise: This report provides a detailed, professional analysis of Ethereum (ETH), the second-largest cryptocurrency by market capitalization.
Data are sourced from reliable providers such as CoinMarketCap, Etherscan, DeFiLlama, Glassnode, and web research current to 2025.
On-chain data are separated from market analysis and qualitative opinions. Citations are indicated inline for traceability.
Forecasts are based on historical trends and macro scenarios and do not constitute financial advice.
All values are in USD.
1. Asset Overview
Project Summary, Underlying Technology, History and Team / Key Contributors
Ethereum is a decentralized open-source blockchain that serves as a platform for decentralized applications (dApps), smart contracts, and ERC-20/ERC-721 tokens. The underlying protocol has used Proof-of-Stake (PoS) since 2022 (The Merge). ETH is the native network token. The chain supports the EVM (Ethereum Virtual Machine) for executing Turing-complete code.
History: Vitalik Buterin’s whitepaper (2013), ICO in 2014 raising $18.3M in BTC, mainnet launch 30 July 2015 (Frontier). Key upgrades: Constantinople (2019), London (2021 — EIP-1559 fee burning), The Merge (Sept 2022 — PoS, ~99.95% energy reduction), Shapella (2023 — staking withdrawals), Dencun (2024 — proto-danksharding for L2 scalability), Pectra (May 2025 — account abstraction and increased blob throughput).
Core contributors include Vitalik Buterin, Charles Hoskinson (ex-Cardano), and Gavin Wood (Polkadot). Development coordination is led by the Ethereum Foundation (non-profit), with contributions from ConsenSys and a global developer community.
Primary Use Case, Tokenomics and Governance
Primary use case: Layer-1 platform for DeFi (lending, DEXs), NFTs (digital art, gaming), asset tokenization and dApps (social tokens, supply chain). Dominant L1 for smart contracts with >$93B TVL in DeFi.
Tokenomics:
Max supply: Unlimited (no hard cap).
Circulating supply: 120.7 million ETH (as of Oct 2, 2025).
Emission schedule: Post-Merge issuance reduced ~90% to ~972,000 ETH/year (staking issuance). EIP-1559 burns base fees, making supply potentially deflationary during high network activity. Since 2022 4.5M ETH burned; net supply modestly up (+0.8% annualized since 2021).
Governance: Primarily off-chain via community processes (Ethereum Magicians, All Core Devs Calls) and on-chain via EIPs. No centralized control; protocol changes require multi-stakeholder consensus.
2. On‑Chain Data and Economic Metrics
Total Supply, Circulating Supply and 3‑Year Changes
Total supply equals circulating supply (120.7M ETH). From 2022–2025 supply grew ~0.8% annually despite burns, as PoS issuance exceeded burns during low activity periods. Annual snapshots:
2022 (post‑Merge): ~120.2M ETH (+0.2% net).
2023: ~120.4M (+0.17%; 1.7M issued vs 1.3M burned).
2024: ~120.6M (+0.17%; deflationary in Q1, inflationary Q2–Q4).
2025 (Q3): 120.7M (+0.08%; 540,958 ETH issued vs 465,657 ETH burned YTD).
Year Starting Supply (M ETH) Net Issuance (ETH) Burn (ETH) Ending Supply (M ETH) Change %
2022 120.0 +972,000 -1,200,000 120.2 +0.2%
2023 120.2 +972,000 -1,300,000 120.4 +0.17%
2024 120.4 +972,000 -1,400,000 120.6 +0.17%
2025 (YTD) 120.6 +540,958 -465,657 120.7 +0.08%
Sources: Ultrasound.money, Etherscan.
Key On‑Chain Metrics
Active addresses (daily): 553,404 (24h; 2025 avg ~500k).
Daily transactions: 1.82M (24h; 2025 avg ~1.5M; 2022 peak 734k/day).
On‑chain volume: ~$4–5B/day (24h recent).
Average fees: 0.65 Gwei (~$0.06/tx; 2025 average ~$3.78/tx post‑L2).
Staking rate: ~29% of supply staked (35M ETH; ~1M validators).
Usage Metrics
DeFi TVL: $93.493B (Ethereum chain).
Smart contracts deployed: ~41M (historical), ~11B interactions.
NFT metrics: Volume ~$10–15B/year (2025), with peaks on OpenSea (Wyvern protocol).
Economic Indicators
Market cap: $537.23B.
Fully diluted market cap: $536.01B.
MVRV ratio: ~2.4 (elevated unrealized profits; >3.5 = bull extremes, <1 = bear).
SOPR: ~1.05 (slight net on‑chain profits).
NVT ratio: High (~100–150), indicating premium to transaction volume (analogous to P/E).
Holder turnover: Low (~0.1–0.2/yr — HODL behavior).
% held by beacon/exchanges/whales: ~54.6% in Beacon Deposit Contract; top exchanges: Coinbase 4.93M ETH, Binance 4.23M ETH; addresses >1% supply ≈30%.
Sources: Glassnode, CoinMarketCap.
3. Market & Price Analysis
Price Performance (last 12 months) and Notable Historicals
Oct 2024–Oct 2025: price range $1,471 (Apr 2025 low) to $4,831 (Aug 2025 high), ~+35.41% YTD. Average volumes: $45.46B/24h.
2025 performance: +191% from lows, with significant Q1 volatility.
Historical Volatility and Benchmark Comparison
30‑day volatility: ~50–60% (2025), higher than BTC (~40%). Beta vs BTC: ~1.2 (ETH more sensitive to macro shocks). Outperformed crypto index (CMC 200) by ~+15% YTD.
Liquidity and Market Depth
Top exchanges by volume: Binance (5% volume, $2.27B/24h), Bybit ($640M), Coinbase ($566M), OKX ($635M).
Bid‑ask spread: ~0.025% (tight).
Depth: ~$15–16M within ±0.1% price.
OTC desks account for significant institutional flows (~20–30%).
4. Technical Analysis (Brief)
Key Support & Resistance
Daily timeframe: Support $3,900–$4,000; Resistance $4,200–$4,263.
Weekly timeframe: Support $3,825; Resistance $4,600–$4,800.
Indicators & Recent Patterns
RSI (14): 45.7 (neutral; oversold ~34; >50 bullish).
MACD (12,26): Negative (signal bearish momentum but weakening).
Moving averages: Price below EMA 20/50 ($4,263/$4,212), above EMA 200 ($3,500); recent 50/200 death cross.
Price pattern: Sideways channel $3,800–$4,500; potential volume breakout; corrective double zigzag (W‑X‑Y).
Note: Subjective analysis; not trading signals.
5. Fundamental & Network Analysis
Roadmap, Partnerships, Recent Upgrades and Audits
Roadmap emphasizes scalability (Fusaka 2025 for PeerDAS, targeted +10x L2 throughput; Glamsterdam 2026 for Verkle trees). Recent: Pectra (May 2025, account abstraction, EIP-3074 wallet functionality). Integrations with major L2s (Arbitrum, Optimism). Auditing promoted by Ethereum Foundation (examples: SEAL audits); EIP-7907 (2025) introduced DoS protections.
Direct Competitors and Competitive Position
Competitors: Solana (very high TPS, higher revenue but outages), BNB Chain (large active user base, low fees), Polygon (L2/commit-chain). Ethereum remains the dominant EVM-compatible L1 leader for DeFi/NFTs, but faces competition on speed and cost.
Specific Risks
Smart contract vulnerabilities (reentrancy, oracle manipulation — e.g., Penpie hack 2024 ~$27M).
Regulatory risk (token utility classification, scrutiny of staking/ETFs).
Centralization concerns (54.6% in Beacon Deposit Contract; top addresses concentration; centralized L2 sequencers).
Dependence on external oracles and bridges (single‑point failures, bridge exploits).
Sources: Ethereum whitepaper, audit reports, industry articles.
6. Outlook & Scenarios
Qualitative Forecasts (1–3 years)
Conservative (2026–2028): $6,000–$8,000 (slower adoption, tighter regulation).
Base case: $10,000–$12,000 (DeFi/NFT growth, ETF inflows ~$27.6B; burn > issuance during high activity).
Optimistic: $15,000+ (strong institutional adoption, Fusaka delivering throughput; TVL >$150B, staking 40%).
Trends: increased corporate staking ($7.65B), L2 scalability, RWA tokenization.
Primary Drivers
Positive: ETF inflows, scalability upgrades (PeerDAS), increased DeFi/NFT adoption, macro crypto bull cycles.
Negative: L1 competition (Solana revenue growth), low network activity (burn < issuance), regulatory/tax developments.
Risk Mitigation Strategies
Diversify into L2s and select competing L1s.
Use hardware wallets for custody; split staking from hot wallets.
Employ multiple oracles and require audits before contract deployment.
Use stop‑losses for volatility; stake portion (20–30%) for yield (3–5%).
7. Conclusion & Recommendations
Risk/Reward Summary
ETH offers high upside potential (possible +100% over 1–3 years) due to DeFi dominance and structural deflation mechanics, but carries high risk (~50% volatility, regulatory and smart contract threats). Risk/return profile: high, suited to risk‑tolerant investors.
Operational Recommendations
Investors: accumulate under $4,000 for long‑term hold (1–3 years); take‑profit target $6,000 (2026); stop‑loss $3,500.
Holders: stake 20–30% to earn yield; monitor MVRV <1 as accumulation signal. Time horizon: mid‑term bull (2026+).
Strengths & Weaknesses
Strengths: mature ecosystem (TVL $93B), L2 scalability path, EIP‑1559 deflationary mechanism potential.
Weaknesses: higher base‑layer fees, staking centralization, oracle/bridge dependencies.
Sources: CoinMarketCap, Etherscan, Glassnode, Ethereum.org, DeFiLlama, CoinDesk, arXiv, CryptoSlate.
All Aboard XRPI think from here we have built a pretty strong support around $2.94-$3. I expect crypto to take over the gold rally as the treasury looks into creating a digital asset reserve first starting with bitcoin. The government shutdown should give boost to this initial rally.
-This is not financial advice good luck!
Litecoin Is Still Eyeing December 2024 HighsLitecoin turned lower recently, but we believe this is just another corrective retracement within a broader bullish trend, which has been showing higher swing lows since the rebound from the 78.6% Fibonacci level back in April. We expect that retracement down from the December highs will be fully retraced, meaning there’s room for a push up toward 147 as illustrated on a daily chart. It can be looking for wave (5) of a diagonal pattern, or alternatively, maybe even wave (3) if it extends decisively above upper diagonal line and goes for 200 area. In the 4-hour chart, we got a sharp rebound from projected support and back above channel resistance line after we noticed an ABC correction, so bulls are back, and we may easily see more gains toward December 2024 highs, just watch out for short-term pullbacks.
ICPUSDT - BUY OPPORTUNITYI predicted Solana to achieve its ATH when it was trending bearish and markets where in complete negative sentiment towards Solana, none the less, my Solana outlook and price forecast was based on the blockchain, its usability, and TPS etc. It hit through all the TP areas and is now fully trading at its fair value, and still growing...
Now I am back with my updated outlook on Internet Computer Protocol (ICP). This blockchain is by far the most advance and powerful blockchain I have come across and know. Literally nothing comes close to it. I have done my own thorough research and can honestly say, this blockchain is literally a steal at current market value. In fact I am in complete disbelief and amazed how this blockchain is not in the TOP 5, when compared to other blockchains out there, who don't offer any real value, and or utility but rather just a mere copy tokens, of ETH etc most cant even host a single bite size image on their blockchain. Yes even Solana can not compete with the tech of ICP. ICP is a super-powerful blockchain, that can host anything including Ai fully on-chain. YES Fully On-Chain.
The introduction of Caffeine Ai > sovereign self-writing apps, self writing internet etc You can find more about this on ICP or follow Dom on X @ DOMINIC_W
Caffeine Ai could bring a lot of Devs over, possibility of anyone becoming a Dev through Caffeine Ai, buildings Apps that will generate income, burn cycles on ICP, catalyst for ICP growth and value etc
The scale at which ICP can exponentially grow from there, with mass adoption can far exceed market cap of Solana and many other blockchains. In my opinion, its far more superior than ETH. It is the only true Ai Blockchain which can host Apps fully on-chain etc immune to tampering, hacks etc A full scale IT stack that can engineer Apps, rewrite the internet all within ICP Blockchain.
It will recover, and gain its true value, at least 3 digits, potentially 4. (I am not financial advisor, Pls DYOR).
The ICP launch was heavily manipulated , it posed a threat to other blockchains, big techs etc however the TEAM at ICP continues to deliver (biggest R&D in crypto space), work and progress ICP. Its only a matter of time, ICP will be MASSIVE n people will wake up to its true reality and what it offers!
Todays price will be Historical!!! Yes I have added more ICP with this Dip. DCA is a powerful strategy ;) Thanks for the Dip - I call it the Winter Sale.
Lets see where ICP leads from here now!
I am holding strong, Diamond!
Oh, if you have come this far, Don't forget BOB on ICP - An interesting one to watch out for!!! just saying ;)
Pls DYOR - I am not Financial Advisor. Crypto is highly volatile!
Trade Safe Habibis
NEARUSDTNear Protocol (NEAR) is a layer-1 blockchain designed to be fast, scalable, and user-friendly. It uses a unique sharding technology called Nightshade, which allows the network to process thousands of transactions per second with low fees. NEAR focuses on developer and user experience—wallets can use human-readable names instead of complex addresses, and apps are built to feel like Web2 platforms.
Its token NEAR is used for transaction fees, staking, and governance. The ecosystem is strong in DeFi, NFTs, and Web3 apps, and it positions itself as a competitor to Ethereum, Solana, and Avalanche.
BTC LOOKS POSITIVE ON LOW TIME FRAME - UPDATE 27-09-2025BTC/USDT Update
On the low time frame, BTC has turned positive, showing signs of recovery after consolidation.
Price action is now trending upward toward the main trend zone, which will be the key resistance area to watch.
Key levels:
Low time frame zone → currently acting as support after the bounce.
Main trend zone → upcoming resistance. A clean breakout and confirmation above this level would strengthen the bullish case.
Upside scenario: If BTC can reclaim and hold above the main trend zone, momentum could expand strongly, shifting structure back into an uptrend.
Downside risk: Failure to break into the main trend zone could keep BTC stuck in sideways or corrective action.
📌 Summary
BTC is up on the low time frame → short-term momentum is bullish.
Next target: main trend zone for confirmation.
Break above main trend = uptrend confirmation; rejection = sideways risk.
BTCUSD on the 30m timeframe1. Trend Context
BTCUSD on the 30m timeframe remains in a clear downtrend, forming consistent Lower Highs and Lower Lows.
2. Key Zones
SZ (Supply Zone): 114,250 – 114,750. Origin of the strong selloff, major resistance if price retraces upward.
SR (Structure Reversal): 113,000 – 113,250. Previously marked a short-term structural shift, now likely to act as dynamic resistance.
DZ (Demand Zone): 111,200 – 111,750. Price is currently testing this zone, which serves as short-term support.
3. Trading Scenarios
If DZ holds, a short-term bounce toward SR is possible.
If price rejects at SR, it offers a favorable short setup in line with the prevailing downtrend.
If DZ breaks, the downtrend may extend with a target around 110,000 or lower.
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Has ATTENTION PEAKED on BTC & Crypto?Examining the daily BTC/USD HTF chart, several indicators suggest a potential market top scenario reminiscent of previous Bitcoin peaks. The chart highlights three core components: RSI, MACD, and price action versus trendlines. Notably, the recurring MACD pattern—with a sequence of five yellow-labeled local peaks and valleys—has appeared near each major high, further strengthened by the visible red arrows marking historical tops.
Context:
The MACD panel shows a clear recurring pattern—each market peak coincides with closely-clustered MACD bursts and subsequent reversals, labeled (1)-(5), that echo the structure identified at Bitcoin’s previous all-time highs in early 2021 and again in mid-2025. These bursts typically reflect maximum market participation and social/media attention, followed by rapid declines as momentum wanes.
RSI values in both instances remain elevated but subside as price fails to break the red resistance lines, indicating weakening bullish strength.
The price chart itself displays a series of failed attempts to break above strong horizontal resistance (red lines), directly aligning with previous market highs. Each peak aligns with a spike in market excitement and a corresponding cluster of MACD peaks.
The long-term green trendline underscores Bitcoin’s structural uptrend but also frames the risk—should price lose the trendline, historical price action suggests deeper corrections are possible.
Trading:
Given the repetition of this MACD burst pattern and multi-timeframe rejection at horizontal resistance, there is strong evidence that peak market attention and buying pressure for BTC have likely already occurred for this cycle. Previous instances saw significant corrections following similar technical conditions, suggesting caution is warranted.
Short Profit Target: Initial target for shorts could be set near the green trendline support, around $85,000-$90,000, with more aggressive bears aiming for major swing low zones near $65,000.
Short Stop Loss: Tight stop loss should be placed just above local highs, at $117,000-$120,000, to guard against unexpected breakouts to new highs.
Risk/Reward: Consider a minimum 2:1 ratio, moving stops to break-even if there is rapid price rejection and MACD follows through with sustained bearish momentum.
This analysis contextualizes both the technical signals and price action in terms understandable to traders and readers. Historical patterns suggest a strong likelihood that “attention” has peaked, reinforcing the probability that the next major move for BTC will be corrective rather than impulsive to the upside.
Always use position sizing and risk management tailored to each portfolio’s size and goals.
ETHBTC Has A TextBook Bullish PatternETHBTC Has A TextBook Bullish Pattern, as we see an ongoing five-wave bullish impulse by Elliott Wave model
ETHBTC pair is slowed down after a massive extension higher into wave 3, and it's right now testing important 0.035 - 0.034 support zone within an abc correction for wave 4. It's also trading at an important 38,2% Fibonacci retracement and base channel upper line, which can act as a strong support. So soon watch out for a bullish continuation within wave 5, especially if we see a rebound and recovery back above channel resistance line near 0.038 level. Bullish confirmation is above 0.041 level, while the invalidation level is at 0.026.
BAD NEWS for Bitcoin :(. BE CAREFUL!My last Prediction was PERFECT . i know this will UPSET many bulls, but this is how the MARKETS WORK. After a strong uptrend and extreme greed environment, its time for Bitcoin to CORRECT and have strong PULLBACK. Look at the channel and trendlines, I expect bitcoin to reach a price of 100k/96k in the coming weeks. That will be a GOOD BUY opportunity. BE CAREFUL AND STAY WISE.
See My Previous PERFECT prediction:
BINANCE:BTCUSD COINBASE:BTCUSD CRYPTO:BTCUSD OKX:BTCUSD
BELDEX - Privacy Coin or Manipulated Pump - Should I Join In?With the charts, we always focus on two things: thefundamental analysis and thetechnical analysis. On one side, the breakout above 0.0824–0.0859 looked clean, momentum was there, and the market structure shifted bullish. However, the token gains a $700M market cap but has only ~1,000 holders. That mismatch actually is a problem
BDX is bullish based on current price action and trading signals. The oscillators and moving averages flash Strong Buy. If I just looked at that, I could say this is a simple uptrend and an easy trade. But price candles show long wicks, sharp pushes, and limited corrections. That is not the behavior of natural accumulation. That is the footprint of fast money in and out.
If I were to focus only on the short term, I’d seen the price exeeded the Resistance level (0.081-0.086) and bought it. But if I focus on the bigger picture, it looks like BDX is being manipulated by concentrated capital. That’s why it keeps climbing while the broader crypto market is stuck at Fear & Greed Index 41. The rest of the market is tired, but BDX is still running. Unusual, right?
As traders, we cannot beat the market. But we don’t need to beat it; we only need to make money. And there are many ways. With BDX, the way is simple: accept this is high risk, short-term momentum. Don’t marry the coin, don’t believe the hype. If you play it, you play the trend.
For me, that means:
Entry (EP): 0.087 – 0.090
Stop Loss (SL): 0.078
Target (TP): 0.103, 0.14, 0.16, 0.19
That’s how you treat a setup. Manage risk. No more than 5–10% of capital in such a trade. Because if this is truly manipulated, it can disappear just as fast as it rose.
If you can’t make money slow, you won’t make it fast. BDX might be exciting right now, but excitement fades. Trading is not about chasing pumps; it’s about managing risk and staying alive.
So, should you join in? Only if you know your plan before you press buy.
Thanks for reading. Stay sharp.
TheCryptoFire.
BTCUSD: Downtrend remains dominant after EMA rejection(1h chart)Yesterday, the price followed the bearish scenario as it was rejected at the EMA and resistance zone.
Trend: The short-term downtrend remains intact, with the EMA sloping downward.
Nearest support: 111,800 – 112,000. A break below could extend the move toward 110,000 – 109,000.
Nearest resistance: 113,500 – 113,800. A breakout here would invalidate the bearish outlook
.
📌 Outlook for today : Bearish continuation is the primary scenario. Wait for a candle close below support for confirmation. Alternatively, if price breaks strongly above the EMA Ribbon, a short-term corrective rally may develop.
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