🧠We've been trading sideways for quite some time, and selling pressure has largely been exhausted, so we need to find support to enter a long trade.
➡️From a structural perspective, there's a chance for a bullish head-and-shoulders pattern to form. If this pattern holds, we could see a move above $120,000 or even higher.
Potential support is likely between $116,300 and $117,000. Short-term resistance is around $120,000.
⚠️Note: A break below L1 would destabilize the structure and significantly reduce bullish expectations.
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