Still heavy resistance just above
Maybe an ascending channel (thin blue lines) is taking shape however resistance just above is still significant. For the next 12 hours imo the chart suggests sideways price action. After that I still believe the chart indicates that another leg down is the more likely next move. However we have established a higher low on the daily chart and also we possibly have a golden cross coming up (in 2-4 days) making a surprise breakout to the upside more likely. Also if we break resistance around 76-7700 I would expect a fairly large jump up.
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