$OP
--- Short Term Trend ---
1. Short Trend:
The H1 chart shows signs of a rebound from the long-term bearish trend.
The price is currently moving close to the middle line of the Bollinger Band, indicating potential consolidation before continuing the movement.
The RSI is in the neutral zone (around 50), indicating a balance between buying and selling pressure.
2. Validation of Key Levels from H4:
Resistance at $2,036 remains valid, but note the shorter level at $1,868 (upper Bollinger Band) as additional resistance.
Support at $1,750 is still valid, with confirmation from the lower Bollinger Band around the area.
The pivot at $1,851 was tested several times on this timeframe, indicating this level is relevant for determining direction.