✅ Break of structure: Price broke above the last lower high, showing a shift from bearish to bullish.
🟦 Demand zone: Price is now pulling back into a previous consolidation area (blue box), which could act as support.
📉 Current move: The recent drop seems like a correction. If buyers defend the $103,800–$104,200 area, we could see another bounce.
📈 Potential: If support holds, next targets could be around $107,000 or higher.
Watch for bullish candles near support to confirm a possible continuation.
🟦 Demand zone: Price is now pulling back into a previous consolidation area (blue box), which could act as support.
📉 Current move: The recent drop seems like a correction. If buyers defend the $103,800–$104,200 area, we could see another bounce.
📈 Potential: If support holds, next targets could be around $107,000 or higher.
Watch for bullish candles near support to confirm a possible continuation.
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