Examining the longer-term landscape, $126,199 represents a pivotal ceiling where corrective pressure may reemerge. Ultimately, $60,000 stands as the final defense line for the asset’s structural health.
$72,500 Monthly Low Becomes The Key Level To WatchWhile there is room for counter-trend opportunities, they require strict discipline. Snyder notes that while a bounce after a breach of the $72,500 support is technically possible, it remains a high-risk play. Consequently, he views such trades strictly as short-term scalps rather than foundational positions, preferring to align with the dominant trend once the market shows its hand.
