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🔱 The market is still in a clear bearish structure, operating within an organized downward channel, but what happened recently at 21,440 was not just a bounce… but a liquidity intervention that temporarily stopped the collapse and tried to restore balance. The current rally has brought the price to the 23,950 – 24,150 range, which is not a normal zone but a direct decision zone as it represents the upper limit of the current move within the channel.
Prices are currently trading below significant resistance at 24,150, an area that not only acts as horizontal resistance but also intersects with the descending channel structure, making it a true test of buying strength. As long as the market is below that level, any rise is considered a pullback in a downtrend rather than a true reversal.
Professional forecasts are not directly biased to the upside, but interpret the behavior: the most likely scenario is that the price fails to hold above 24,150 points and then returns to the decline towards 22,900-22,600 points, possibly extending to a retest of 21,440 points as a final liquidity withdrawal, and only from there the market can re-establish a strong upward trend. This situation reflects the market’s need to reload positions before any real reversal.
On the other hand, the bullish scenario will be activated only if the price manages to break above the 24,150 level and clearly remains above it, then the behavior will shift from the rebound to the beginning of structural changes, opening the way to 24,970 – 25,750 – 26,800, and with continued momentum, it may reach 27,100, which is a major supply area.
The recommendation here depends on activation rather than anticipation: buy not from the current price, but after a clear breakout and stabilization above 24,150 points, or after a fall to 22,900 – 22,600 points and a strong rejection. As for the sell-off, it will only occur if clear weakness appears below 24,150 points, targeting lower areas. To trade within the current range without confirmation is to enter into pressure without an advantage.
The market hasn’t decided yet…but it’s testing you,
Either you wait for the decisive moment and get in, or you get swallowed up by this hesitation before the real trend begins.
⚠️WARNING: Trading is high risk and may result in the loss of all funds. This is a private transaction quote and not general investment advice. This decision is solely your responsibility.
