On the 15-minute chart, the picture is much clearer than on the 1-minute:
What I see
There was a strong drop to 59,739 followed by a quick rebound.
The last green candlestick is strong and accompanied by a noticeable increase in volume.
The price is now around 61,302.
The price is still below the MA25 (61,392), so the overall trend on this timeframe hasn't fully shifted to bullish yet.
MA99 at 62,694 is still far away, confirming that the larger trend is still under pressure.
Key levels
📍 61,390 - 61,450 is the first real resistance now. This area is a crucial test.
📍 61,850 if the previous area is broken and held above, the market may target this area.
📍 60,700 - 60,900 is a close support that buyers need to maintain.
📍 59,739 is the current bottom, breaking it will strongly return the negativity.
Summary
What has happened so far looks more like a strong rebound after liquidation and panic, not a confirmation of a full bullish reversal.
If 15-minute candles close above 61,400 with good volume, the chances of continuing to rise towards 61,800 - 62,000 will increase.
However, if the price fails at 61,400 and drops back below 61,000, this current rise will appear just as a temporary bounce within a short-term downtrend.
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