4H Chart - Price Key Points:
- Maintaining a possible pennant formation (unconfirmed)
- Adequate support at approx $8119.
- Indicator patterns since 17th of July with evident short term negative divergences.
- Overall volume significantly reduced.
- Recent uptrend might be at temp risk.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $8382 – Price Target $8649 | Probability: 36% | Signal Strength: 3/5
Neutral: Price Range $8382 - $8147
Short: On a confirmed break below $7147 – Price Target $7900 | Probability: 33% | Signal Strength: 2/5
Our Stance: Speculative shorts.