Technical Analysis: New All-Time Highs and Next Outlook
Next Outlook: The price has stabilized within the bullish zone after breaking the previous all-time high of 20090, reaching the previously mentioned target of 20410. The trend remains bullish, with a potential move towards 20900.
Bullish Scenario: As long as the price remains above 20400, the bullish trend is likely to continue, targeting 20900 and 21000. There is also a possibility of a retest down to 20400 before resuming the upward movement.
Bearish Scenario: For a bearish trend to be confirmed, the price must break below 20400 and stabilize with a 4-hour or 1-hour candle close beneath this level. This could lead to further declines towards 20100, and a stabilization below 20085 could result in a drop to 19625.
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