This 4-hour chart of $GMT/USD from TradingView suggests a bullish short-term sentiment based on the following key observations:
1. Market Structure Shift (CHoCH & BOS)
Multiple Change of Character (CHoCH) and Break of Structure (BOS) have occurred recently, especially the last BOS indicating a shift toward higher highs and higher lows — a bullish structure.
The most recent CHoCH and BOS confirm a potential reversal from the recent downtrend.
2. Strong Demand Zone
There's a blue box drawn (demand zone) below the current price level (around $0.04), and the price bounced from this area recently — showing buying interest and strong support.
3. Volume & Indicator Support
The lower indicator (looks like a Volume or Momentum Oscillator) shows increased green bars and spikes, indicating buying pressure or bullish momentum building.
4. Price Targeting Strong High
The chart marks a "Strong High" near the $0.065-$0.07 range. If current momentum holds, price could push toward that area as a potential liquidity target or resistance.
5. Short-Term Outlook
With price breaking structures to the upside and holding above the recent BOS, the short-term trend leans bullish.
A retest of the recent BOS zone (as support) could provide a buying opportunity, with a potential target toward the strong high zone.
Summary: Bullish reversal signs are visible. Price bounced from demand and broke short-term bearish structure. As long as price holds above the recent BOS and demand zone (~0.042–0.045), a move- toward $0.065–$0.07 is probable.
$BTC $GMT
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