After a strong bullish expansion phase in April, price entered a corrective structure, forming a consolidation near the previous highs
We’re now approaching the lower bound of the invalidation zone, showing early signs of demand stepping in
If this level holds, the current area marks a potential bullish expansion target zone, setting up for a continuation toward the $500–$550 range
- Upside Target: $500+
- Bullish continuation setup after consolidation
As long as we stay above the invalidation zone, the probability favors a new leg up
