⚙ Weekly Scenarios
Bullish Scenario:
The price holds above support at ~$3,660 and breaks resistance at ~$3,760–3,800.
Then, a rally to $3,900 and beyond is possible, especially with support from rate and geopolitical news.
Consolidation:
The price may move sideways between $3,660 and $3,760 until a strong signal (from news or volume) breaks the range.
Bearish Scenario:
A break below $3,660 with volume confirmation could lead to a correction to $3,600 or even lower.
In this case, it's important to watch whether lower support levels hold, otherwise a deeper pullback is possible.
🔎 Conclusion
The overall picture for the week is bullish, but with the risk of a pullback or consolidation due to overbought conditions and resistance.
Key: Watch for a reaction in the resistance zones of ~$3,760–3,800 and for support to hold at ~$3,660.
For traders: consider buying on dips near support zones and shorting (or taking profits) as the price approaches strong resistance if it fails to break through.
Bullish Scenario:
The price holds above support at ~$3,660 and breaks resistance at ~$3,760–3,800.
Then, a rally to $3,900 and beyond is possible, especially with support from rate and geopolitical news.
Consolidation:
The price may move sideways between $3,660 and $3,760 until a strong signal (from news or volume) breaks the range.
Bearish Scenario:
A break below $3,660 with volume confirmation could lead to a correction to $3,600 or even lower.
In this case, it's important to watch whether lower support levels hold, otherwise a deeper pullback is possible.
🔎 Conclusion
The overall picture for the week is bullish, but with the risk of a pullback or consolidation due to overbought conditions and resistance.
Key: Watch for a reaction in the resistance zones of ~$3,760–3,800 and for support to hold at ~$3,660.
For traders: consider buying on dips near support zones and shorting (or taking profits) as the price approaches strong resistance if it fails to break through.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.