As expected, the market rejected the 70k-71k zone and is showing a bearish trajectory.
Key Points:
Rejection at 70k-71k: The market rejected this zone, confirming the bearish outlook.
Short-Term Consolidation: The price is consolidating around 66k, acting as temporary support.
Projected Move: We anticipate a further drop towards the strong demand zone near 52k-53k.
Conclusion:
The market is following our bearish prediction. Watch the 66k level for short-term moves and the 52k-53k zone for potential further declines.
Stay tuned for more updates.
