Based on my analysis, it is evident that the price has reached a critical threshold and reversed. Observing the alignment of resistance and support levels, with the price rebounding off the support zone, it is highly probable that it will retest the resistance and potentially break through. Nonetheless, exercising caution by exiting near the resistance zone would be prudent, given the associated risks.
What is particularly intriguing is that, despite the thorough analysis, there was an absence of any debrief on today’s news—a rather perplexing oversight. With the upcoming Euro CPI estimates and USD job openings, we can anticipate significant volatility, which, if managed correctly, could work to our advantage in the crypto markets.
