4H Chart - Price Key Points:
- Past 20HRs formation resembles to a possible bearish pennant (not confirmed).
- Support at approx $8300 has been tested repeatedly and proven adequate as of yet.
- Momentum remains fragile.
- Indicators attempting to find a temp bottom.
- Models hint to a possible minor bullish attempt.
Possible Scenarios:
Long: On a confirmed break above $8598 – Price Target $8982 | Probability: 37% | Signal Strength: 4/5
Neutral: Price Range $8355 - $8598
Short: On a confirmed break below $8355 – Price Target $7943 | Probability: 40% | Signal Strength: 5/5
Our Stance: Considering tight speculative longs.