I am still expecting the price to test monthly open at $7500 as we have outlined earlier. If we will close H4 above $7500 it's bullish and we can target $8000.
If we will reject H1/4 at $7500 I am expecting to take lows (sell-side liquidity) at $7000.
Plan:
1) If hourly can close above $7550 it is a bullish sign and price will expand to $8000 level 2) We are approaching big resistance which caused rejection at $7500 level and still, we have un-tested two key supports at $6900 and lower. So if there will be hourly rejection or not enough strength to push and close above $7550 then I will take shorts down to $7000
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First signs of weakness as we have outlined at $7500.
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