Technical Analysis
The price recorded a new ATH at 44,930, as anticipated. Now, it appears to be starting a bearish trend, though it is possible to touch 45,020 before the trend turns bearish.
Bullish Scenario:
The price should stabilize above 44,930, confirmed by a 4-hour candle close above this level, in order to target 45,200.
Bearish Scenario:
As long as the price trades below 45,020, it will remain bearish, with potential targets at 44,530 and 44,410, especially if the price stabilizes below 44,790.
Key Levels:
Pivot Point: 44920
Resistance Levels: 45020, 45200, 45320
Support Levels: 44740, 44530, 44410