Orderbook pressure showed buy pressure stepping in around the 67-65K region, but that pressure has now disappeared. This makes the area important to watch in the short term.
If buyers step back in and defend this level, price could see another push higher, with the potential for one more sweep of the highs.
However, if this level fails to hold and bids don’t return, the path lower opens up, with 63K becoming the next likely target, where previous buy pressure had stepped in.
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