🔎 Current Structure (4H)

Price: ~90,200

Trend: Short-term range / weak bearish bias, medium-term still corrective

Moving Averages

MA(7): ~90,233 → flat, price hugging it (indecision)

MA(25): ~91,000 → acting as dynamic resistance

MA(99): ~90,700 → price below, confirming weakness

👉 Price is below MA25 & MA99, so bulls are not in control right now.

📉 Price Action Insight

Strong rejection from 94,500–94,600 → clear local top

Sharp drop to ~89k → bounce was weak

Current candles are small + low volume → no strong buyers

This is consolidation after a breakdown, not accumulation yet.

🧱 Key Levels

Support

89,700 – 89,500 → intraday support

88,800 – 87,700 → major support zone (very important)

If 87.7k breaks, next leg down becomes likely.

Resistance

90,700 – 91,000 → MA99 + MA25 cluster (strong)

92,000 – 92,500

94,500 → major rejection zone

📊 Volume

Volume is declining

No expansion on green candles

👉 This means moves are not confirmed yet.

📌 Scenarios

🐂 Bullish (Needs Confirmation)

4H close above 91,000

Volume expansion

Target: 92.5k → 94.5k

Probability right now: Low–Medium

🐻 Bearish (More Likely Short-Term)

Lose 89,500

Breakdown below 88,800

Target: 87.7k → 85k zone

Probability right now: Medium–High

🧠 Trading Insight (Not Financial Advice)

No-man’s land right now

Best plays:

Wait for 91k breakout (confirmation)

OR short rejection near 90.7–91k

Avoid heavy leverage in this chop