4H Chart - Price Key Points:
- Possible temp double bottom at approx $7399 and $7393 respectively.
- 20MA shifted to an upward moving channel.
- 50MA, 100MA and 200MA sloping upwards.
- Indicators turned positive.
- Buying volume increased significantly.
- Models hint to a stabilization possible continuation.
Possible Scenarios:
Long: On a confirmed break above $7814 – Price Target $8070 | Probability: 39% | Signal Strength: 4/5
Neutral: Price Range $7609 - $7814
Short: On a confirmed break below $7609 – Price Target $7411 | Probability: 30% | Signal Strength: 2/5
Our Stance: Leaning positive.