#BSV Analysis

Current Price: $27.50 (USDT)

The price movement indicates that BSV will first test the support level of $27.00 (USDT) before rising to target the liquidity area at $30.00+ (USDT).

Key Levels:

- Support: $27.00 (USDT) (critical short-term bottom). Successful stability at this level corresponds with the anticipated price rebound.

Price Action Analysis:

Step 1 - Testing Support:

- The price is expected to drop towards $27.00 (USDT) (bearish price action), where buyers may intervene to defend this level.

- A bullish reversal signal (such as: hammer, engulfing candle) at $27.00 (USDT) will confirm the price action.

Step 2 - Rising Towards Target: - A rebound from $27.00 USDT may trigger momentum towards $28.50-$29.00 USDT, with a breakout above $29.50 USDT accelerating the move towards $30.00+ USDT. - The area of $30.00-$32.00 USDT is highlighted as a liquidity gathering and order block, likely attracting profit-taking or short-selling pressure.