The price is moving within a distinct horizontal compression in the short term. The 110K zone stands out as a strong supply area where high volume sells are concentrated. With each approach to this zone, the selling response increases, while market participants appear cautious about breaking through this level.



The 105,965 level is an important interim resistance in the short-term trend structure. Unless 4H closures occur above this level, upward momentum will remain limited.

The lower band of 103,800 – 104,600 previously acted as support, but recent price behavior indicates that this area is weakening. If downward pressure continues, the range of 100,300 – 100,700 should be monitored as the next main demand zone.

In summary: The market is searching for direction. Selling pressure is maintained as resistances are not broken, and volume should be monitored as supports are tested.
MA-3.85%
B-1.28%
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