here is a short analysis and potential price order zones:
Technical Analysis
Trend: The overall trend is bearish. The price is trading below the key Moving Averages: MA(7) at ~61,793, MA(25) at ~62,212, and MA(99) way up at ~68,804.
Supertrend: Indicates a clear sell signal with resistance sitting around 64,552.
Bollinger Bands: Price is currently hovering in the lower band zone. It is finding immediate temporary support near the lower band (DN: ~60,943), but the Middle Band (MB: ~62,526) will act as tough resistance on any bounce.
Expected Next Movements
Bearish Continuation (Most Likely): If the price breaks below the immediate Bollinger Band support (~60,943), expect a swift drop to retest the recent major swing low around 59,130.
Short-Term Relief Bounce: A minor bounce might happen off the current level, but it will likely face heavy rejection around the 62,200 – 62,500 area.
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