Bitcoin - Soon pump to 98k! But sell here, because...Bitcoin is temporarily bullish, and from a technical point of view, we can expect 98,439 USD in the short term. There are many reasons behind this movement, the first is that Bitcoin is forming a bigger bearish flag that is well visible on the daily chart. This is not the ultimate bottom on Bitcoin - I believe we are going to see levels around 60k later this year!
In the short term Bitcoin is forming an ascending parallel channel projection or a bearish flag, so if the price hits the upward trendline, that's a good time to open a short position or take profit on your long position. After that we can go all the way down to the bottom of the channel and test the upward-sloping trendline at around 89k. Why 60k later this year? Please look at my previous posts, because the fundamentals are extremely negative for Bitcoin. I think all ETFs' early investors will get liquidated! Also, bitcoin halving cycles are bearish this year.
So in short - take your profit below 98,439 USDT or open a short position below 98,439 USDT because this is a very significant level and point of interest.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Thank you, and I wish you successful trades!
Community ideas
January 2026 Alt Analysis RequestFamily, January 2026 marks the opening of a new trading year and a critical reset point for the broader market. With Bitcoin setting the tone and liquidity gradually repositioning, this phase is decisive for identifying which altcoins are preparing for expansion and which will continue to lag.
This makes our January altcoin selection especially important as we align early with the strongest structures and narratives for the year ahead.
📌 Submission Deadline: January 10th, 2026
📌 Target Coins: 30 slots only
📌 Requirements:
1. Strong liquidity with a clear and tradable technical structure.
2. Projects showing active development, sustainable narratives, or ecosystem growth.
3. No dead or illiquid tokens — serious, high-quality suggestions only.
As always, every submission will be reviewed, but only coins that align with current market structure, liquidity conditions, and our technical framework will advance into full analysis. The objective is straightforward: position ahead of rotation, not chase it, as market participants recalibrate for the new year.
🚨 Reminder: Early year positioning often defines the strongest performers for the months ahead. Let’s keep this list disciplined, selective, and forward-looking.
Drop your January alt requests below, this is the time to be intentional.
Why Time Is a More Important Indicator Than Price?Everyone stares at price... Very few traders watch time.⏱️
📌 What Time Reveals
Price can lie.
Time can’t.
📌 When price:
- Spends too long at resistance → sellers are weak
- Fails to drop fast → demand is absorbing
- Breaks late → move is usually stronger
Time shows intent.
If price holds a level longer than expected, something is changing!
📌 How to Use This Practically
Next time price hits a key level:
Don’t rush the entry.
📌Instead, watch:
- How long it stays there
- Whether rejection is immediate or delayed
- Time tells you who’s in control.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XAUUSD Rising Support Holds - Next Target 4,500 ResistanceHello traders! Here’s a clear technical breakdown of XAUUSD (4H) based on the current chart structure. After a prolonged consolidation phase, Gold was trading inside a well-defined range, indicating balance between buyers and sellers. This range acted as an accumulation zone before price initiated a bullish expansion. Following the breakout from the range, XAUUSD entered an ascending channel, confirming a shift toward buyer control with a sequence of higher highs and higher lows. During this phase, price respected both the channel support and resistance lines, using them as dynamic structure levels. As price approached the upper boundary of the channel and the Resistance / Seller Zone around 4,500–4,510, bullish momentum started to weaken. Multiple fake breakouts above resistance signaled strong selling pressure at the highs. This led to a sharp corrective move lower, where price broke below short-term structure before finding support. Currently, XAUUSD is holding above the Buyer Zone around 4,400, which aligns with a key Support Level and a prior breakout area. Price has already shown a reaction from this zone and is now forming higher lows along a newly respected rising support line, suggesting buyers are attempting to regain control. The recent breakout back above local resistance reinforces the idea of a corrective pullback rather than a full trend reversal. My scenario: as long as XAUUSD holds above the 4,400 Buyer Zone and respects the rising support line, the bullish bias remains valid. I expect buyers to defend this area and attempt another push toward the 4,500 Resistance / Seller Zone (TP1). A clean breakout and acceptance above this level would confirm bullish continuation and open the path for further upside. However, a decisive breakdown below the buyer zone would weaken the structure and increase the risk of a deeper correction back toward lower support levels. Please share this idea with your friends and click Boost 🚀
GOLD Price Update – Clean & Clear ExplanationGold is currently trading within a rising channel, which shows that the overall short-term trend remains bullish. Price respected the channel structure multiple times, making higher highs and higher lows, confirming bullish control earlier.
Recently, price reached a strong resistance zone near 4,575 / 4,590, where sellers stepped in. This area aligns with the upper boundary of the rising channel, making it a key supply zone. From this resistance, price faced rejection and started to pull back.
At the moment, Gold is testing an important support zone around 4,440–4,385, which previously acted as a demand area. If this support holds, we could see a bullish reaction, with price moving higher again toward:
If you find it please like and comments for this post and share thanks.
BTCUSDT: Pullback Toward Demand ZoneHi!
Bitcoin is showing short-term weakness after failing to hold above the recent high. Price is currently trading below the local resistance area, suggesting a corrective pullback rather than continuation.
The highlighted demand zone around 90.4K–90.9K is a key area to watch. This level previously acted as resistance and was later flipped into support.
Key Levels:
• Resistance: 93.1K–94.4K
• Demand / Support: 90.4K–90.9K
Downside Target:
• 90,500 (primary demand zone)
As long as price remains below resistance, a deeper retracement into demand is likely. Reaction at support will determine the next directional move.
Lingrid | GOLD Retracement Ends - Bullish Trend ContinuesOANDA:XAUUSD is forming a controlled retracement after printing a higher high, with price now reacting positively above the rising trendline and key demand zone. The pullback appears corrective and structure remains constructive while higher lows continue to form. Momentum has cooled, but buyers are still defending the broader upward channel.
If demand holds above the 4,420 support band, the market could attempt another upside rotation toward 4,520, where the next resistance cluster and trendline extension align. Acceptance above that area may open the door for a continuation toward fresh highs.
➡️ Primary scenario: support holds → continuation toward 4,520.
⚠️ Risk scenario: a decisive break below 4,400 could trigger deeper consolidation.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
EURUSD Long: Compression Near Key Zones Signals Upcoming MoveHello traders! Here’s a clear technical breakdown of EURUSD (1H) based on the current chart structure. EURUSD previously traded within a well-defined ascending structure, respecting a rising trend line that acted as dynamic support during multiple pullbacks. This bullish phase showed consistent higher lows, confirming buyer control. After the impulsive upside move, price entered a consolidation range, highlighted on the chart, where buyers and sellers temporarily reached equilibrium. From this range, EURUSD executed a bullish breakout, confirming continuation and pushing price toward the upper structure. However, as price approached the Supply Zone around 1.1720–1.1750, bullish momentum started to fade. Multiple reactions, including fake breakouts and rejections near the pivot point, clearly signal strong selling pressure in this area. A descending Supply Line now caps price, reinforcing bearish pressure from above.
Currently, on the downside, price recently swept below short-term support, forming a fake breakout into the Demand Zone around 1.1670, which aligns with an ascending Demand Line. The quick recovery from this area suggests active buyers defending demand and preventing deeper downside for now. Currently, EURUSD is compressing between demand support and descending supply resistance, indicating a tightening structure and an upcoming directional move.
My scenario: as long as EURUSD holds above the 1.1670 Demand Zone and respects the rising demand line, a corrective bounce toward the 1.1710–1.1720 Supply Zone is possible. This area remains a key decision point. A strong rejection there would favor renewed bearish continuation, while a clean breakout and acceptance above supply would invalidate the bearish pressure and open the door for bullish continuation. Manage your risk!
GOLD - Consolidation before resistance at 4470. Bullish trendFX:XAUUSD resumes growth and tests 4470, an important resistance level, amid a weakening dollar caused by expectations of further easing of Fed policy and continuing geopolitical uncertainty.
Expectations of a Fed rate cut intensified after the release of weak ISM Manufacturing PMI data.
Geopolitical risks have temporarily receded into the background, but remain a potential catalyst for a new wave of demand for safe-haven assets.
Attention is shifting to US labor market data (ADP report and JOLTS vacancies on Wednesday, NFP on Friday). Weak employment figures could increase pressure on the dollar and support gold.
Important nuances: China and Russia's reaction to US actions in Venezuela, as well as the open conflict between Russia and Ukraine.
Further dynamics will depend on employment data and a possible escalation of the geopolitical situation. A break above $4470 will open the way to testing higher levels.
Resistance levels: 4470, 4488, 4519
Support levels: 4440, 4430, 4400
If the metal does not pull back from 4470 and continues to storm the resistance, then attempts to continue growth from 4470 can be considered. Otherwise, the market may test 4440-4430 before rising (long squeeze). Within the current cycle, gold has a chance to test its ATH.
Best regards, R. Linda!
XAUUSD Long: Demand Holds at 4,400 - Push Toward 4,500 in FocusHello traders! Here’s a clear technical breakdown of XAUUSD (2H) based on the current chart structure. XAUUSD previously moved within a steady bullish structure, respecting a rising trend line that supported price during multiple pullbacks. After a strong impulsive rally, Gold transitioned into a consolidation phase, forming a well-defined range that highlighted temporary balance between buyers and sellers. This range eventually resolved to the upside with a breakout, confirming bullish continuation and renewed buyer control.
Currently, XAUUSD is trading between the 4,400 Demand Zone and the 4,500 Supply Zone, with price holding above the rising trend line. This shows that bullish structure is still intact, but price is once again approaching a key resistance area where a reaction is likely.
My scenario: as long as XAUUSD holds above the 4,400 Demand Zone and respects the rising trend line, the broader bullish bias remains valid. A clean breakout and acceptance above the 4,500 Supply Zone would confirm continuation toward higher levels. However, if price is rejected from supply and breaks back below demand, this could trigger a deeper corrective move toward the trend line. For now, price is compressing between demand and supply, and a decisive move is expected soon. Manage your risk!
New ATH Incoming? Gold (XAUUSD) Holds Bullish Structure!Hey Traders,
In today’s trading session, we are monitoring XAUUSD for a buying opportunity around the 4,380 zone. Gold remains in a well-defined uptrend and is currently in a corrective phase approaching the key trendline confluence and the 4,380 support & resistance area, which may act as a strong demand zone for continuation to the upside.
From a fundamental perspective, markets are keenly watching US labor data due Friday. Should the report come in soft, it would likely reinforce expectations of further Fed rate cuts in January, similar to December’s dovish messaging, which tends to weaken the US Dollar and support bullish flows into Gold.
In addition, escalating geopolitical tensions between the US and Venezuela have boosted safe-haven demand, as investors seek protection amid heightened uncertainty, pressuring traditional assets and strengthening gold’s appeal.
With these technical and macro drivers aligned, Gold may continue its bullish trajectory and challenge fresh all-time highs this year.
As always, wait for confirmation and manage risk responsibly.
Trade safe,
Joe.
TON/USDT | TON Coin Rallying Over 20%, Bullish Momentum ContinueCRYPTOCAP:TON has surged from $1.65 to $1.95, delivering over 20% return since our last analysis. Price has held above the key $1.58 level and is now pushing aggressively higher, confirming short-term bullish momentum.
If strength continues, next bullish targets to watch are $2.07, $2.22, $2.38, and $2.60.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD - Retesting support at 4440 ahead of the news FX:XAUUSD is correcting from weekly highs of $4,500 amid a rising dollar and profit-taking ahead of key US labor market data
The market expects two Fed rate cuts in 2026. The ISM Manufacturing PMI in December (47.9) was lower than expected, reinforcing expectations of a dovish policy. In addition, geopolitical risks remain (Russia's actions off the coast of Venezuela, tensions between China and Japan), which continue to fuel demand for safe-haven assets.
Today, ADP employment data, JOLTS job openings, and the ISM services index will be released. Weak indicators could increase pressure on the dollar and support gold.
The correction appears to be technical amid profit-taking. The uptrend remains intact as the dollar remains under pressure due to expectations of Fed policy easing. Any decline in gold can be seen as a buying opportunity.
Resistance levels: 4475, 4497, 4520
Support levels: 4442, 4430, 4402
Two key support zones relative to the current trading range: 4442 - 4430. A long squeeze and liquidity capture followed by price consolidation above key levels could shift the imbalance towards the buyer (bullish trend)...
Best regards, R. Linda!
AAPL: The 30% Rule — Why Apple’s Next True Low Likely at 200 USD🍎 AAPL WEEKLY SNAPSHOT — EXECUTIVE SUMMARY
✨ Apple Inc. is entering the late phase of a multi-year corrective cycle
📉 Primary thesis: A ~30% correction is still unfolding, consistent with prior Apple macro drawdowns
🏛️ Macro backdrop: Dow Jones Industrial Average extended near psychological 50,000 → late-cycle risk elevated
⏳ Timing focus: 2025 distribution → 2026 corrective low
🎯 Projected downside target: $200 ±10 macro support + valuation reset
________________________________________
🔍 Why the 30% Correction Matters Historical Fractal Logic
Apple has repeatedly respected ~30% drawdowns during secular bull markets — not crashes, but controlled re-ratings:
• 📌 2021 → 2022:
• High → Low ≈ -30%
• Trigger: tightening cycle + growth multiple compression
• Outcome: strong multi-quarter recovery
• 📌 2024 → 2025:
• High → Low ≈ -30%
• Trigger: AI-led over-extension + index concentration risk
• Outcome: range repair, not trend resumption
• 📍 Current Cycle (2025 → 2026):
• Structure suggests another proportional leg
• Distribution at highs → rolling lower highs → trend exhaustion
• Measured move from 286 ⇒ ~200 aligns with historical symmetry
📐 Market logic: Apple doesn’t usually collapse — it compresses.
________________________________________
🧱 Key Technical Zones Weekly / Monthly
• 🔺 286–280: Macro ceiling / cycle high (distribution complete)
• ⚖️ 245–235: Mid-range congestion (temporary reactions possible)
• 🟨 215–200: High-probability terminal support zone
• 🚨 Invalidation (bear thesis): Sustained acceptance above 286
________________________________________
🧠 Macro Confluence Why 2026 Matters
• 📊 DJIA near historic extension → mean reversion risk rising
• 💰 Passive flows crowded into mega-caps (AAPL = core holding)
• 🧮 Valuation sensitivity at cycle peaks historically resolves via price, not time
• 🕰️ Apple corrections often lag index tops, bottoming after broader sentiment breaks
________________________________________
🎯 Strategic Trade Framework
• ❌ Avoid chasing long exposure at highs
• 🧘♂️ Expect volatility + range expansion before clarity
• 🛒 Best long-term accumulation: only near 200 zone, not earlier
• 🧭 Tactical traders may short rallies below 280 with tight risk
• 🏦 Post-2026: High-quality reset likely sets up next secular advance
________________________________________
🗳️ AAPL Weekly Scenarios — Levels Quiz
Which path do you see next?
🅰️ Hold above 245 → extended range before final breakdown
🅱️ Break 235 → acceleration toward 215–200 macro support
🅲 Flush to ~200 in 2026 → generational accumulation window
🅳 Your level: comment the one price that changes your bias
EURAUD: Channel Support Opens Room for a Corrective BounceEURAUD: Channel Support Opens Room for a Corrective Bounce
Recently, EURAUD has been in a clear downtrend. Since mid-December, EURAUD has fallen by almost 500 pips or -2.87%.
It seems that the price is developing as a Channel Pattern and we may now be in the formation of wave X.
Whether it moves down again remains to be seen, but for now we are focused on the bullish move.
After this big drop, I think EURAUD can find support from this potential channel, as the price has already reacted and after some more confirmations, it can rise as shown in the chart.
Main targets:
1.7410; 1.7470 and 1.7550
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Bitcoin (D1) - Breaks The Channel - Liquidity Grab Complete ?📝 Description 🔍 Setup (Market Structure) BINANCE:BTCUSDT
Bitcoin was trading inside a well-defined descending channel on the Daily timeframe.
Price has now broken above the channel resistance, showing early signs of trend reversal.
Key confluences:
Multiple support reactions inside the demand zone
Breakout supported by EMA & cloud shift
Strong base formation near higher-timeframe support
Momentum gradually shifting from sellers to buyers
📍 Support & Resistance
🔴 Support Zone: 83,700 – 87,300
🟢 1st Resistance: 107,500
🟢 2nd Resistance: 118,000
#Bitcoin #BTCUSDT #CryptoTrading #PriceAction #ChannelBreakout #SupportResistance #TradingView #Kabhi_TA_Trading
⚠️ Disclaimer
This analysis is for educational purposes only.
Crypto markets are highly volatile — always manage risk and use proper position sizing.
💬 Support the Analysis👍 Like if you trade BTC 💬 Comment: Breakout confirmed or needs retest?
BTCUSDT: Bullish Structure Intact - Targeting 93K ResistanceHello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a well-defined consolidation range, where price moved sideways and volatility was compressed, showing balance between buyers and sellers. During this phase, multiple internal swings failed to establish a clear trend direction. Before the range, price experienced several fake breakouts near the upper highs, highlighting strong selling pressure inside the 93,000 Resistance Zone, where buyers repeatedly failed to gain acceptance.
Currently, price is trading above the support zone and consolidating below the key 93,000 Resistance, where selling pressure previously emerged. The structure remains constructive, with higher highs and higher lows still intact, suggesting the move is corrective rather than a full reversal.
My Scenario & Strategy
My primary scenario: as long as BTCUSDT holds above the 90,800 Support Zone and respects the rising trend line, the bullish bias remains valid. I expect price to consolidate and potentially push higher toward the 93,000 Resistance, which acts as the next major upside objective (TP1). A clean breakout and acceptance above the resistance zone would confirm bullish continuation and open the door for further upside expansion.
However, a decisive breakdown below support and the trend line would invalidate the long setup and signal a return to range behavior or deeper correction. For now, buyers remain in control while support holds.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
GOLD reacting from an important supply/resistance area.Gold is currently trading inside a key consolidation zone after a strong bullish move earlier. Price has started to lose bullish momentum and is now reacting from an important supply/resistance area.
Gold prices slipped to around 4,440 per ounce on Wednesday as investors booked profits following the recent strong rally. Market focus has shifted away from geopolitical risks toward upcoming U.S. economic data, which could influence expectations around interest rates.
If price action fails to gain further upside momentum, renewed downside pressure may emerge. Gold could attempt another move toward the upper resistance zone at 4,470–4,480; however, rejection from this area may trigger a pullback toward 4,412, with a deeper decline potentially extending to the 4,382 support zone.
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold, after its strong bullish rally, once again pushed toward the previous high but faced rejection from the resistance zone. Currently, price is trapped between a short-term descending trendline and a key resistance area, indicating temporary consolidation and compression.
At this stage, a corrective move toward the rising trendline and the highlighted demand zone is expected. This pullback would allow the market to absorb liquidity and rebuild momentum. From that support area, we anticipate a bullish reaction, followed by a breakout above the resistance zone and the potential formation of a new high.
As long as price holds above the rising trendline and support zone, the overall bullish structure remains intact.
Don’t forget to like and share your thoughts in the comments! ❤️
BTC: The Premium Zone Trap (4H vs 1H)Bitcoin is at a decisive junction. We are trading in the Premium Zone ($93,700+) with a clear conflict between timeframes. The 4H screams exhaustion (RSI 70.7 + Low Volume), while the 1H structure remains stubbornly bullish, holding above the $92,102 demand zone. The structure is intact, but the conviction is missing.
1. THE TECHNICAL REALITY (4H + 1H)
📉 We are seeing a divergence between price action and momentum:
• The Trap (4H): Price is in the Premium sell zone. RSI is overbought (70.7) and volume is down 41% at these highs. This is classic "divergence" behavior, price grinding up while participation drops.
• The Floor (1H): Despite the macro exhaustion, the 1H timeframe has cooled off (RSI 42.9) and is respecting the Ascending Support Trendline ($92,306).
• The Magnet: We have a bearish OB supply overhead at $94,760, but a juicy unfilled FVG sitting below at $90,189. Price hates leaving these gaps open.
2. THE CONFLICT: MOMENTUM VS. STRUCTURE ⚖️
Bearish Case (The Exhaustion):
• Volume has collapsed 66% on the 1H timeframe.
• MACD is printing bearish divergence on the 4H.
• 14.1% wick rejection at the $94,760 local top suggests sellers are active.
Bullish Case (The Trend):
• CHoCH and BOS are both confirmed bullish.
• Price is holding above all major EMAs (20/50/200).
• Buyers are defending the $92,102 Order Block.
3. THE TRADE SETUP 🎯
We play the reaction, not the prediction. Here are the two probability paths:
🔴 Scenario A: The Premium Rejection (Higher Probability) If volume fails to return, gravity takes over.
• Trigger: Loss of the 1H support trendline ($92,300)
• Target 1: $90,189 (Filling the 4H FVG)
• Target 2: $86,760 (Major Swing Low)
• Invalidation: 4H Close above $94,760
🟢 Scenario B: The Demand Reclaim If the 1H structure holds, we squeeze the shorts.
• Trigger: Bounce from $92,102 (Bullish OB) with increasing volume
• Target: $94,760 (Range High) → $96,000 Extension
• Stop: Tight below $91,900
MY VERDICT Short-term structure is bullish, but the "fuel" (volume) is empty. I am leaning 68% bearish (expecting a sweep of the $90k FVG) unless we see a massive volume injection above $94k. Patience is the play, let the $92,100 level dictate the next move.
MARKET ROTATION WATCHLIST
📋 While Bitcoin consolidates in this premium zone, liquidity often rotates into specific altcoin setups that are lagging behind.
I am updating my watchlist today for coins that are showing cleaner structure than BTC.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Yesterday we said we wanted lower in order to get back in and gave the 4430-35 region as potential for the pull back. In Camelot we had a little lower which was just achieved and coupled with the indicators suggesting 4455-7 we got the bounce we wanted.
Now, it's looking like we're starting the pre-event PA that we mentioned, with a smaller range forming and the mean being drawn together on the intra-day charts. Support for the Asia session is circled as it the resistance level as well as the potential range being added. We've bounced defence which is a good sign but further confirmation here would be ideal, the bias level is still at 4473 so a break above there would give us a bit more confidence.
For now, a decent day of mega pip captures not just on gold.
From Camelot this morning:
Price: 4462
RED BOXES:
Break above 4473 for 4485 and 4502 in extension of the move
Break below 4455 for 4445, 4440 and 4435 in extension of the move
As always, trade safe.
KOG
Gold 30Min Engaged ( Bearish Volume Reversal entry Detected )⚡Base : Hanzo Trading Alpha Algorithm
The algorithm calculates volatility displacement vs liquidity recovery, identifying where probability meets imbalance.
It trades only where precision, volume, and manipulation intersect —only logic.
✈️ Technical Reasons
/ Direction — SHORT / Reversal 4471 Area
☄️Bearish rejection confirmed through sharp candle body.
☄️Lower-high forming beneath resistance supply region.
☄️Volume decreasing confirms exhaustion in price rally.
☄️Sellers regained imbalance with heavy top rejection.
☄️Algorithm detects fading demand and shift to control.
⚙️ Hanzo Alpha Trading Protocol
The Alpha Candle defines the day’s real control zone — the first battle of momentum.
From this origin, the Volume Window reveals where the next precision strike begins.
⚙️ Hanzo Volume Window / Map
Window tracked from 10:30 — mapping true market behavior.
POC alignment exposes institutional bias and breakout potential zones.
⚙️ Hanzo Delta Window / Pulse
Delta window monitors real buying vs. selling power behind each move.
Tracks volume aggression to expose who controls the candle — buyers or sellers.
When Delta aligns with Volume Map, momentum becomes undeniable.
BTCUSD is heading towards 94K for a retest...
The situation is interesting: locally, there are bullish volumes, the price is breaking through the consolidation resistance and entering the distribution phase. However, globally, the trend is downward, and there is strong resistance ahead at 94K.
Resistance of the trading range is 94-95K. The nature of the price movement towards the level is distributive, there is no accumulation, which generally looks like an attempt to retest resistance, but not for a breakout. Bears may provoke a pullback from 94K.
Scenario: Retest of 94200, a false breakout and the formation of a reversal pattern below 94K could signal a possible pullback and decline to 90K - 86K.






















