On the 4-hour timeframe, the downtrend remains intact, with bearish momentum still in control.
Any relief bounce that fails to create a lower low — and breaks the bearish market structure by reclaiming the last swing high(LH) — would be a strong signal that buyers are stepping in. Until that happens, the short term trend remains bearish and sellers are in charge.
Next support : 77-78k
Support 2 : 70-74k
Any relief bounce that fails to create a lower low — and breaks the bearish market structure by reclaiming the last swing high(LH) — would be a strong signal that buyers are stepping in. Until that happens, the short term trend remains bearish and sellers are in charge.
Next support : 77-78k
Support 2 : 70-74k