2H Chart - Price Key Points:
- Buying attempt initiated at approx $8317 with a continuation at approx $8377.
- Recent formation resembles to a possible bullish flag (not confirmed).
- Move seems a bit fragile, not much conviction yet.
- Overall volume does't confirm buying attempt.
- Models hint that latest action might be a possible head fake.
Possible Scenarios:
Long: On a confirmed break above $8593 – Price Target $8739 | Probability: 34% | Signal Strength: 3/5
Neutral: Price Range $8468 - $8593
Short: On a confirmed break below $8468 – Price Target $8309 | Probability: 37% | Signal Strength: 4/5
Our Stance: Neutral.