The price has been respecting the dynamic resistance that was created after the triple top it was oscillating between from December 4, 2024, to March 6, 2025.
From what I can discern from the daily behavior, the price has as much chance of breaking the dynamic resistance as it does of continuing it, because it has shown favorable action towards the resistance over the weekend; however, today's candle retains the shape of a gravestone doji above the 7P EMA. Everything will depend on the decision made by the market as a whole and the impact of current events such as the trade war between the United States, China, and Europe.
It has been 8 days since the formation of the engulfing candle on April 6, 2025, and buying pressure has decreased without being able to reach the momentum to break the high of the engulfing candle. The behavior suggests a possible range formation around 81.02$ -64.43$. But one must not forget that the market is as much analytical as it is psychological, so attention should be paid to the facts and decisions should be avoided that could lead to regret.
