The recent price movement is showing some upside action, but let's keep expectations grounded here. A small rally doesn't mean we're in the clear yet—we're still sitting well below the December 2024 levels that truly matter.

I was tracking this bounce a few days back; it looked inevitable as a temporary relief move. But rally or not, there's nothing exciting to celebrate when we haven't reclaimed those key resistance zones from late '24.

The real test comes when we get back into that territory. Once price closes in on those December highs, that's when the narrative shifts for me. Until then, this feels more like a standard retracement within a larger downtrend—useful for positioning, but not confirmation of any meaningful reversal.