the market took a rejection from the zone between $68,500 and $69,500 and has fallen to around $65,500. Which i mentioned earlier. Currently, it is trading above its 1-day trendline support range. If new bad news emerges in the market, this zone might break down, and if that happens, the market could fall further towards the $63,500 zone.

The previous market update that I mentioned is playing out exactly as expected. Currently, the market has created a wick below the trendline support and is now recovering from there, heading towards the $68,500 to $69,500 range, where there is a significant amount of liquidity. I am anticipating that the market will complete its range and then face a rejection from that level once again.