After dropping from $4600 and rebounding again to around $4700, the price moved as we expected and reached the first correction areas at $4078 (actually touched $4060).
I later posted that the positivity continues and a return to $4290 is possible, which has indeed materialized.
However, to confirm the continuation of the upward trend, the correction only ends with a rise and a close above $4583.
---
✅ Current Status:
The price is currently trading at $4340 with a good rebound from the support areas; true, it’s not as strong as previous rebounds, but it remains positive.
Those who bought from the areas $4226–3899 are still in profit 👍.
On the smaller time frames (1h – 4h), the negatives have started to fade after breaking a downward trend.
The larger time frames (daily – weekly) need a strong close above the resistances to confirm the trend.
---
📌 Important areas:
Main support: $4060 – $3899 (potential buying areas if the price returns to correction).
First resistance: $4564
Confirmation resistance: $4583 (a slight difference between platforms).
Next resistance: $4788 → Breaking this, we expect to record a new peak 🚀.
---
🔎 Summary:
The short-term trend is positive.
On the larger time frames, we need a daily/weekly close above $4564–4583 to confirm the target towards $4788 and then a new peak.
If the correction continues, we monitor the areas $4060–3899 as a strong rebound area.
