Market next move 🔍 Disrupting the Original Bullish Bias
The original analysis assumes a bullish reversal from the support zone aiming for a resistance target near $3,360. However, let’s challenge that with an alternate (bearish or neutral) perspective:
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⚠️ 1. Support May Not Hold
Price has tested the support zone multiple times, increasing the probability of a breakdown.
Repeated testing weakens support levels; a breakdown below $3,280 could trigger panic selling or stop-loss hunts, accelerating the drop.
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📉 2. Bearish Momentum is Dominant
The overall trend is downward, with lower highs and lower lows.
The current bounce could be a dead cat bounce — a short-lived recovery before another drop.
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📊 3. Volume Analysis
There's no significant bullish volume spike at the support, which weakens the bullish thesis.
This suggests lack of strong buying interest, a red flag for bullish continuation.
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🔄 4. Resistance May Hold Strong
The resistance area around $3,360 has shown previous strong rejections.
Even if price rises, it could stall or reverse before reaching the target.
