1. Trend Analysis
Current Price: ~$93,776
Recent Move: Strong bullish momentum from early April with several green candlesticks.
Previous Trend: Sideways/consolidation from mid-March to early April.
Overall Trend (Last 2 months): UPTREND
The price broke out of the previous sideways zone and rallied sharply.
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2. Support & Resistance Levels
Strong Support Levels
~$85,000: Previous consolidation and multiple touches.
~$80,000: Psychological round number and bounce area in early April.
Strong Resistance Levels
~$95,000: Near current levels, where price is hesitating now.
~$100,000: Major psychological barrier and potential resistance.
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3. BUY or SELL Signal
Given the current breakout momentum and lack of strong rejection yet, the chart leans bullish, but it's also near a potential resistance.
If you're a short-term trader:
Look for a pullback to support (~$90K–$91K) before buying.
If you're a breakout trader:
Watch for a clean break above $95,000 with volume.
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Signal:
→ STRONG BUY (Momentum-based, but with caution at resistance)
