Let me give you a detailed analysis of the two scenarios with support and resistance levels.
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1. Current levels:
Last price: $1960.28
24-hour high: $1968.29
24-hour low: $1786.00
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Next resistance levels (if the rise continues):
1968-1975$: This area is considered first resistance because it is near the current high.
$2000 - $2020: A strong psychological level, usually a place where profit-taking occurs because it is a round number.
$2075-$2100: Previous strong top, here the price may face strong selling pressure.
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Support levels (in case of correction or decline):
$1930-$1940: First support, close to the last minor bottom on the frame (this area may be tested before attempting to rise again).
$1880-$1900: Moderate support, also a previous breakout area (ideal for entering a new trade if respected).
$1825-$1835: Strong support, near MA25. If the price breaks this area, the medium-term trend may change.
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Emerging scenario:
If the current momentum continues (with strong MACD support), we could see a test of the $2,000 level very soon.
It is preferable to enter after a clear break above $1975 with strong trading volume, and the target will be between $2000 and $2020.
Beware that the RSI is very high, do not enter at the top, wait for at least a small correction.
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Bearish scenario (correction before the rise):
If the price fails to surpass $1975 and the RSI remains high, we may see a correction towards $1930 or even $1880.
It is best for those who want to buy to wait for the price to return near $1880 and look for bounce signals (reversal candles, RSI bounce).
A break below $1825 is considered negative and will turn the trend bearish on the 4-hour frame.
My advice to you now:
If you are in a long position: Watch the $1975 level, and if weakness starts to appear there, consider locking in your profits.
If you are outside and thinking of buying: Wait for the price to calm down a bit, either by correcting to the support of $1880-1900 or by a strong break above $2000.