More important is to analyse the recent and current price action !!!
Therefore, price action over the coming hours will be crucial for the short term future.
Indeed, a failure to clearly break and hold above 60’000 would add further selling pressure, calling for further
downside towards 58’500 first (cluster support) ahead of 58’000 ( MBB ) and leading indicator.
The highest weekly closing level seen so far is 59’980 which corroborate perfectly my analysis which tell me that a
weekly closing level above 60’000 would be very positive and would confirm further upside towards previous ATH over the coming week.
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