Hello traders,
Today is a small update from the current situation, which has not changed much since the last post. On the 3-day chart, the current situation, if the price remains above 16k, then it has 45 days to decide which direction it should go. So expect at least 3 weeks of price side shift. If in the next 3 weeks the price breaks the average downtrend line, we will move to the next price range 19.5k-25k, where the next longer stop should be, while if the price bounces southwards it may slide to 14.8k-15k and then break out strongly 25k. I do not expect any major drops in the next few weeks.
Regards