The current price has been moving sideways within a range between the resistance and support zones since the beginning of the week. Price has continued to fluctuate within this range but has yet to produce a clear breakout.
Currently, price is trading around 4646, with the key levels to watch:
– Resistance: 4680–4686
– Liquidity zone: around 4700
– Support zone: 4600–4595
Over the past two days, liquidity and capital inflows have increased significantly, so the probability of a strong expansion move out of this range is becoming increasingly high.
In my view, the market is preparing for a major move. The key is not to try to predict which direction the breakout will take, but to wait for price action to confirm which side is truly in control.
I’ve clearly highlighted the two key resistance and support zones that we need to watch. So let’s stay patient, monitor how price reacts around these areas, and wait for confirmation from the market before taking action. 🔥