Since November, the market has been trending upward within a well-defined price channel. However, in mid-December, the upward trend was broken, leading to a shift into a downward trend. Subsequently, the market rebounded and transitioned back into an upward trend.

Currently, the price is moving toward testing the extension of the November price channel, a critical resistance zone. Based on technical analysis, it is anticipated that the price will fail to break this level, resulting in a pullback toward the lower boundary of the channel at 99k. At this level, a significant Order Block exists, which could serve as a key area for a potential bullish rebound or it could continue to 90k
Trend AnalysisWave Analysis

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