**Bearish Scenario (Currently Dominant)** - Invalidation / Rejection Level: $3,250 – $3,255 - As long as the daily candle does NOT close above $3,250 → downside pressure remains very strong. - Next major support zones: → $2,750 (first realistic target) → $2,600 – $2,550 (stronger demand zone / next high-probability target)
**Bullish Scenario (Only valid if…)** - Daily candle closes clearly above $3,250 – $3,280 - Only then will the path open toward $3,500 and higher with momentum.
In simple words: Until we see a strong daily close above $3,250, the overall structure remains bearish and a move toward $2,800 (and potentially lower) is the most probable outcome. A clean break and close above $3,275 is required to flip the trend bullish.
This is purely technical observation and information about current market structure. Not a trade call or recommendation.
Always DYOR and manage your own risk. Stay safe! 🚀