Downtrend Side: The current market exhibits a pronounced bearish trend. with prices anticipated to decline toward the support zone between 2585 and 2566. This area may serve as a temporary floor, potentially prompting a rebound toward the resistance level at 2633. However, if the price breaches this support zone, it could descend further to the breakout level, of 2531, thereby confirming the onset of a more extensive bearish trend.
Uptrend Side: Navigating price increases amidst current market fluctuations presents challenges. Nonetheless, should the price reverse and trade above 2605, it may seek to approach the resistance level near 2633.
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