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Short-term current outlook…
Friends, with the breakout of the descending trend yesterday, the price rose up to the 92.5K resistance and is currently trying to hold above this level.
As long as it stays above 92.5K, our first stop will be 97.2K, and after that, the main strong resistance area will be 102.5K.
However, any upward movement without a sustained price above 102.5K will only be considered a correction of the current decline.
For us to start talking about a strong bull trend again, we need to see the price at least above 107.3K.
Stay tuned.