Price continued to push to the downside last week after a brief push to the upside. I expect price to continue selling momentum throughout this week after a price action confirmation at this current level on the 4 hour or 1 hour time frame. TP set at 36975.
Price respected the higher time frame trend line and tariffs helped out as well. Ultimately see price still pushing down to 73k before buyers start coming back into play.
Price has now broken further than anticipated. We have a strong daily s/r level that price is approaching. Once we have reached this level. We will start looking for confirmation to the upside.
After yesterday's news, price has now dumped and retesting lows from a few weeks ago. We will wait to see if buyers can come back in the market and push price back up to fill the gap.
Push to the upside today but overall still see us30 bearish and could potentially hit 41000 and even 40750. Price is below our 4 hr MAs and still below our key levels and trend line on the higher time frame.