4H Chart - Price Key Points:
- Breakout from approx $8170 not convincing enough.
- Gyrating on 20MA (once resistance / once support).
- Momentum not strong enough.
- Stochastic RSI paints a minor negative divergence.
- Overall volume diminishing.
- Possibilities of a lower retest remain.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $8308 – Price Target $8500 | Probability: 33% | Signal Strength: 2/5
Neutral: Price Range $8141 - $8308
Short: On a confirmed break below $8141 – Price Target $7916 | Probability: 39% | Signal Strength: 4/5
Our Stance: Short until proven otherwise.