The overall price trend over the weekend is not expected to move out of a major level. Yesterday, Friday, indeed triggered a sharp decline, with the price dropping below the 65,000 level, then reversing and rebounding.
The four-hour chart shows a gradually forming narrowing pattern, indicating that the range is likely to shift towards a consolidation phase. Intraday, it is recommended to look for a rebound around 65,000, with the target set at the 67,000 level.
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The overall price trend over the weekend is not expected to move out of a major level. Yesterday, Friday, indeed triggered a sharp decline, with the price dropping below the 65,000 level, then reversing and rebounding.
The four-hour chart shows a gradually forming narrowing pattern, indicating that the range is likely to shift towards a consolidation phase. Intraday, it is recommended to look for a rebound around 65,000, with the target set at the 67,000 level.