A diamond-shaped pattern is forming on the 4-hour chart

1-week range: Resistance at 116,000 and support at 108,000
4-hour range: Resistance at 126,000 and support at 102,000

A short position can be planned near 116,000, as the next potential move could target 75,000.

In the previous bear market, it took roughly 365 candles from the top to the bottom. If the current top is 126,000, there’s a strong possibility this bearish trend could continue until around November 2026, when the bottom might form near 25,000 — a price level ideal for accumulation by large players.

Remember: Smart money never buys at the highs — those levels are usually traps. Good luck.