Technical Analysis: As previously noted, the price touched 42,030 and stabilized above it as expected. Today is likely to be a critical session, as a strong correction could potentially drive the price down to 41,770 or 41,565 by the condition closing 4h candle below that. However, stability above 42,030 would support a gradual bullish move towards 42250 and 42700.
The price is expected to consolidate between 42,070 and 42,210 until a breakout occurs. A sustained move below 42,070 would likely drive the price down to 41,770. Conversely, stability above 42,210 would indicate a shift towards a bullish trend.
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